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BABA-W's Qianwen MAUs Excel 100M; Major Product Iteration Anticipated Tmr: Report
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BABA-W (09988.HK)'s Qianwen, which has been online for two months, exceled 100 million monthly active users (MAUs) on the C-end, with brisk growth among students and white-collar workers, as STAR Market Daily learned from multiple sources.

Several industry insiders revealed that some competing traffic platforms had previously imposed restrictions on the Qianwen APP. According to hearsay, Qianwen will release a blockbuster product iteration on Thursday (15th).

Related NewsJPM Holds Constructive Trading View on BABA-W for Next 6-12 Mths, Recommends Overweight
This morning (14th), BABA-W opened 2.4% higher and once peaked at HKD168.4, surging 5.3% during intraday trading, closing at HKD168.3 with a turnover of HKD21.106 billion. ALI HEALTH (00241.HK) spiked 15.9% to close at HKD7.58, with a turnover of HKD3.117 billion. DAMAI ENT (01060.HK) mounted 2.1% by midday.
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