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Alibaba’s AI Restaurant Push Spurs 6% Stock Surge

Alibaba’s AI Restaurant Push Spurs 6% Stock Surge

Author:

Global Cryptocurrency

Published:

2026-01-05 11:42:02

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BTCCSquare news:

Alibaba shares rallied 6% after unveiling an AI-powered 3D visualization tool for restaurants through its Amap mapping unit. The technology generates immersive interior views from uploaded photos, marking the e-commerce giant's strategic MOVE into China's $150 billion local services market currently dominated by Meituan.

The free initial rollout targets high-traffic urban restaurants, with Amap positioning the feature as a discovery platform rather than pure reviews. Early adoption metrics show 78% engagement lift for participating establishments in beta tests.

Analysts note the timing coincides with Meituan's recent 12% service fee hike, creating vulnerability in its restaurant network. "This isn't about mapping - it's about owning the digital storefront," said HSBC tech analyst Li Wei, estimating 30% of China's 8 million restaurants could adopt such tools by 2026.

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