Alibaba's share price rose more than 6% at one time, joining the AI model "national team".

CTOnews.com July 7 news, hot Chinese stocks rose collectively today, Alibaba once rose more than 6%, is the best performance of Chinese stocks. In addition, Baidu and JD.com all rose by about 3 per cent, while Manbang, good Future, iqiyi, pinduoduo and BOSS Direct Employment were also among the top gainers.

As of CTOnews.com, Alibaba shares tentatively reported $88.65 a share (CTOnews.com Note: currently about 643 yuan), up 5.74%.

On the news, CTOnews.com reported today that at the 2023 World artificial Intelligence Congress (WAIC 2023), the National artificial Intelligence Standardization Group under the guidance of the State Standards Commission announced China's first large model standardization team leader, jointly served by Shanghai artificial Intelligence Laboratory and Baidu, Huawei, Ali, 360Group, iFLYTEK, China Mobile Research Institute and other enterprises. The certificate was issued on the spot and the national standard of large model testing was established.

In addition, the Securities Regulatory Commission announced this evening that Ant Group and its subsidiaries were fined 7.123 billion yuan by financial regulators. Ant Group subsequently issued a notice that since 2020, Ant Group has actively promoted various rectification and reform under the guidance of the financial management department, and has now completed the relevant rectification work.