0224 GMT - Alibaba's extensive product ecosystem could help it build solid agentic AI, Barclays analysts say in a research note. Alibaba could be the only AI player in China with an expansive portfolio of world-leading large language models and a number of consumer-facing use cases, the analysts say. Its newly launched Qwen app is well-positioned to become a general-purpose AI agent once functionalities such as shopping and travel booking are embedded into the app, they say. Management noted in the post-earnings call that there will unlikely be an AI bubble over the next two to three years, adding that demand for AI cloud services is outstripping supplies with bottlenecks throughout the supply chain. Shares are 1.3% lower at HK$155.70. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

November 25, 2025 21:24 ET (02:24 GMT)

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