HSBC: Alibaba's Thousand Questions Update is a "significant step" in consumer-grade AI applications.

HSBC analysts said in a research report that Alibaba Group's recent update to its "Thousand Answers" application is an "important step" in the development of consumer-level AI applications. These analysts pointed out that in this new update, Alibaba utilized its comprehensive ecosystem covering online shopping, food delivery, navigation, travel agency, and payment. They added that the user experience "is positive, but not yet perfect." They noted that this development could bring more traffic to Alibaba's platform, and improving the capabilities of this intelligent agent may take time. These analysts maintained a buy rating on Alibaba, with a target price of $193.00 for its American Depositary Receipt (ADR), which is currently trading at $170.93.