BUZZ-Alibaba climbs on report highlighting positive reviews for Quark

Reuters

03/18

** Alibaba's HK shares 9988.HK climb 5.9% to HK$143.5, highest since March 7

** Stock fourth biggest pct gainer on Hang Seng Index .HSI and Hang Seng Tech Index .HSTECH

** Alibaba's AI assistant Quark gets positive reviews in China, raising its prospects of becoming a "killer app" in the field, South China Morning Post reports

** Launched last Thursday, Quark is powered by Alibaba's Qwen reasoning AI model and designed for general users as an online search and cloud storage tool, report adds

** Jefferies says Alibaba sees huge addressable market for AI

** Adds open source models unlock creativity

** Stock up ~73% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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12:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Alibaba climbs on report highlighting positive reviews for Quark</title></head><body><p>** Alibaba's HK shares <span>9988.HK</span> climb 5.9% to HK$143.5, highest since March 7</p><p>** Stock fourth biggest pct gainer on Hang Seng Index <span>.HSI</span> and Hang Seng Tech Index <span>.HSTECH</span></p><p>** Alibaba's AI assistant Quark gets positive reviews in China, raising its prospects of becoming a \"killer app\" in the field, South China Morning Post reports</p><p>** <span>Launched</span> last Thursday, Quark is powered by Alibaba's Qwen reasoning AI model and designed for general users as an online search and cloud storage tool, report adds</p><p>** Jefferies says Alibaba sees huge addressable market for AI</p><p>** Adds open source models unlock creativity</p><p>** Stock up ~73% YTD</p><p> (Reporting by Donny Kwok)</p><p> 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