Jack Ma Visits Alibaba’s AI-Powered Xianyu Marketplace

AI-Powered Innovations at Alibaba

AI has emerged as a game-changer in the e-commerce landscape. Jack Ma, the founder of Alibaba Group Holding, made headlines on Tuesday with his visit to the Hangzhou offices of Xianyu, China's largest online marketplace for second-hand goods.

Enhancing E-Commerce with AI

During the visit, photos and video clips revealed Ma showcasing Alibaba's commitment to artificial intelligence. Established in 2014, Xianyu has become a pivotal platform for online second-hand trading, especially among younger consumers. Notably, nearly half of its 178 million monthly active users are under 30 years old.

• Xianyu utilizes engaging AI solutions powered by Alibaba's internal large language model, Qwen.
• These innovations include presale credit rating for sellers and improved after-sales services.

As Alibaba's AI capabilities garner increasing attention, Ma's engagement with Xianyu signals the ongoing evolution of e-commerce practices, driven by advanced technologies.

Recent Developments and Future Prospects

Recently, Alibaba's Qwen model has distinguished itself by achieving top rankings among non-reasoning AI models developed in China, surpassing competitors like DeepSeek. Noteworthy contributions from US computer scientists, particularly renowned figure Li Feifei, highlight efforts to advance reasoning models priced under US$50, further stressing Alibaba's impact on global AI standards.

Despite these advancements, Alibaba's stock price in Hong Kong displayed stability, maintaining gains after a notable rise of 7.6% in the US market.