Alibaba affiliate Alipay launched China’s first full-stack agentic commerce platform to automate merchant operations. The all-in-one system allows businesses to use AI agents for product recommendations and membership programs.
Alibaba shares jumped 5% in Hong Kong following the announcement. This gain marks the stock's largest increase in two weeks. The shares have rallied more than 40% since hitting a low in June.
The platform follows the June debut of Ah Bao, Alipay’s consumer-facing AI agent. Ah Bao provides access to over 10,000 everyday services through conversational commands.