Alibaba Establishes Alibaba Token Hub Business Group, US Pre-Market Stock Rises Nearly 3%

Alibaba officially established the Alibaba Token Hub (ATH) business group, directly led by CEO Wu Yongming. The group integrates Tongyi Lab, MaaS business line, Qianwen Division, Wukong Division, and AI Innovation Division, covering a complete ecological layout from basic model R&D to personal and enterprise AI applications.

As of press time, Alibaba's US pre-market stock rose nearly 3%. Industry analysis points out that the name 'Token Hub' implies Alibaba may explore integrating Web3 elements (such as token incentive mechanisms) into AI to address challenges in data privacy, computing resource allocation, and other areas.

In addition, Alibaba has taken frequent actions recently: The Qwen3.5 small model outperformed larger parameter models in multiple tests; Meta used Tongyi large model for fine-tuning, driving its stock price up, showing market recognition of Alibaba's AI technical strength.