The joint laboratory between FAW Group and Alibaba was officially inaugurated in Changchun, Jilin. FAW Group will develop a foundation model for the automotive industry based on BABA-W's (09988.HK) +2.500 (+2.222%) Short selling $713.10M; Ratio 13.253% (BABA.US) Tongyi Qianwen model and implement it across all scenarios of the group.By initiating the construction of a dedicated foundation model for the automotive industry, the two parties aim to tackle core issues such as computing architecture optimization, domain data governance, foundation model pre-training, model fine-tuning and reinforcement, and foundation model applications, ultimately driving business improvements, efficiency gains, and cost reductions.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-18 12:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)Related NewsCCBI Cuts BABA-W's TP to HKD146.1; Intensified Investment in Instant Retail to Impact Earnings in ST