BABA-W (09988.HK) -5.700 (-3.685%) Short selling $1.08B; Ratio 24.318% 's Qianwen App will launch its RMB3 billion "Spring Festival Treat Plan" tomorrow (6th). Jack Ma appeared today (5th) at the Qianwen Spring Festival Project Team located at Alibaba's headquarters in Hangzhou, seemingly to be cheering on the Qianwen team, according to a report by Sina Tech.The "Spring Festival Treat Plan" aims to offer free meals and entertainment to people nationwide during the Spring Festival, marking the largest Spring Festival event investment in Alibaba's history and the highest amount invested in this year's race among AI bellwethers during the Spring Festival. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-02-16 12:25.)Related NewsUOB Kay Hian Favors ALI HEALTH, PA GOODDOCTOR; AI Innovation & National Policies Drive CN Internet Healthcare Sector