ASIAINFO TECH (01675) rose over 5% intraday, trading at HK$8.77 by press time, up 4.65%, with a turnover of HK$40.48 million. Reports indicate that Alibaba is revamping its flagship AI application to better compete with ChatGPT. The company has reportedly initiated the "Qianwen" project, developing a personal AI assistant app under the same name, leveraging its Qwen model to challenge global AI leaders. Alibaba's leadership views this as a pivotal battle in the AI era, aiming to capitalize on Qwen's open-source advantages. This follows Alibaba's earlier commitment to invest RMB 380 billion in AI infrastructure.

ASIAINFO TECH recently signed a cooperation agreement with Alibaba Cloud during the "2025 Alibaba Cloud Summit," officially becoming an Alibaba Cloud "Capability Center." The partnership focuses on joint R&D in areas like the Tongyi Qianwen model, AI-integrated hardware, and AI model security. CMB International Securities highlights that ASIAINFO TECH's deep integration into Alibaba Cloud's ecosystem positions it to benefit from the latter's computing power and resources, enhancing AI project delivery efficiency, model application depth, and market expansion—unlocking significant growth opportunities.