00:00It's Benzinga bringing Wall Street to Main Street.
00:02Alibaba said Chinese consumers placed more than 120 million orders on its Quinn artificial
00:08intelligence app within six days during the Lunar New Year, according to SCMP.
00:13Nearly half of the orders came from residents in counties and hinterland areas,
00:17and about 1.56 million people aged 60 and above made their first online purchases through Quinn.
00:23The search followed Alibaba's February 6th Lunar New Year campaign to distribute $431 million
00:29in Quinn incentives as competition among consumer AI apps intensified.
00:34Rival tech firms Tencent and Baidu also offered incentives during the Spring Festival.
00:39Quest Mobile reported gains in daily active users for major AI apps,
00:43and Quinn ranked number one on Apple's China App Store from February 6th to 11th.
00:48Shares fell 1.01% to $162.66 in pre-market trading on Thursday, according to Benzinga ProData.
00:56For all things money, visit Benzinga.com.
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