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Alibaba Qianwen Hits 130M Orders in Festival

Alibaba Qianwen Hits 130M Orders in Festival

Jefferies reports Alibaba's AI app Qianwen generated over 130 million orders during Spring Festival promotions, with user trust rising. About half came from county-level markets for items like milk tea, movie tickets, and daily goods; 4 million users aged 60+ used AI for transactions first time. Tencent's Yuanbao reached 50M daily active users and 3.6B lottery draws.