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<Research>CMSI Rates BABA-W as Overweight, Anticipates Qianwen App to Become Key Traffic Gateway for Future AI Agents
Recommend 15 Positive 27 Negative 8 |
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BABA-W (09988.HK) kicked off the invitation-based testing of the "task assistant 1.0" at the product launch event for its Qianwen App, according to a report from CMSI. The "task assistant 1.0" has fully integrated AI agents into BABA-W's ecosystem. With only one sentence, users can now use it to complete activities like shopping, payments, office tasks, and service requests. Seeing that the Qianwen App has already gained over 100 million monthly active users after only two months since its launch, CMSI believes it will become a major traffic entry point for AI agents in the future. Its strong demand and rapid product iteration are expected to accelerate BABA-W's e-commerce, cloud, and AI business growth. CMSI has kept BABA-W's target price at HKD198, with a rating of Overweight. This company remains the broker's top pick in China's internet sector. AAStocks Financial News |
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