Ant Group introduced an AI-powered assistant named Ah Bao for its Alipay super app. The tool allows users to book rides, order food, and manage investments via text or voice commands.
The revamp aims to intensify competition with Tencent’s WeChat. This innovation follows a period of regulatory challenges for the Alibaba affiliate.
The updated app is currently undergoing internal testing. Ant Group has not yet announced a public release date.
Investor Michael Burry recently increased his stake in Alibaba, citing the company's leadership in artificial intelligence. There was no immediate market reaction to the announcement.