Taobao Internal Test of AI Large Model Application 'Taobao Wenwen'


Today, Hong Kong stocks experienced the first trading day of the lunar Year of the Horse. While the overall market was weak, the AI large model sector showed vigorous vitality. Zhipu and MINIMAX saw significant stock price increases and became the focus of the market. The leading company in large models, Zhipu, experienced a sharp rise today, with its closing price increase expanding to 42.72%, finally settling at 725 HKD, and its total market value exceeded 323.2 billion HKD.
Changhong has launched the first industry-exclusive AI model that has passed national registration, 'Changhong Yunfan', which has been applied to TV products and is driving the upgrade of traditional smart TVs to AI TVs. The model focuses on intelligent home appliance scenarios and has attracted attention from multiple institutions.
Alibaba's Tongyi Qianwen App integrates with Taobao and Alipay, launching the world's first AI assistant capable of executing real shopping tasks. Users can complete product selection, price comparison, ordering, and payment through natural conversation without app switching, marking a key step in AI commercialization.....
Jiukun Investment launches the AI large model IQuest-Coder-V1 series, which has powerful code generation and understanding capabilities. The series offers three parameter versions: 7B, 14B, and 40B. The 40B version performs outstandingly on the SWE-Bench Verified leaderboard, achieving an 81.4% score that surpasses well-known models such as Claude Opus-4.5 and GPT-5.2, sparking attention from the tech community.
Domestic AI company MiniMax launches a Hong Kong IPO, plans to issue approximately 25.39 million H-shares, with a maximum pricing of HKD 165 per share, expected to raise about HKD 4.19 billion. The company focuses on the field of AI large models, and its commercialization capabilities have been recognized by the capital market, with shares expected to be listed on the Main Board of the Hong Kong Stock Exchange on January 9, 2026.