Alibaba CEO Wu Yongming highlighted recent company achievements and the tech giant’s future direction. Key successes include the strategic turnaround of Taobao's flash sales. This turnaround significantly impacted consumer services, including dining, travel, and shopping.
The CEO also noted the positive reception of the "Qianwen App." The application surpassed ten million downloads in its first week.
Alibaba successfully integrated its AI initiatives across various industries. This integration innovates and upgrades business processes. These developments form part of a synergistic growth strategy within the Alibaba ecosystem, reinforcing AI’s central future role.
Separately, reports indicate some investment firms are trimming their holdings in the company.