BABA is trading at 4% up now at $173.47 after Alibaba announced the launch and presale of its Quark AI Glasses, priced at 4,699 yuan (about $660), with pre-sales starting October 24 and shipping in December. The glasses, powered by Alibaba’s Qwen large language model, offer features like hands-free calling, music streaming, and real-time translation, directly competing with Meta and Xiaomi’s AI glasses. Alibaba also introduced a new AI Chat Assistant within its Quark app, signaling a strategic push into consumer-facing AI products. These major product launches have driven significant investor enthusiasm and a sharp stock price rally.