Alibaba (BABA) Launches AI-Integrated Accio Platform Upgrade

Alibaba (BABA) has launched an AI-integrated upgrade to its Accio sourcing platform, called Accio Work. The platform aims to enhance its capabilities by allowing buyers to search for customized products and process customs paperwork autonomously. Alibaba’s president, Kuo Zhang, indicated that the platform currently enjoys millions of monthly active users, with a target to reach tens of millions by next year. Additionally, the startup MagicPen Bio expects to generate global revenue of 200 million yuan ($28.94 million) this year by selling patented technology rather than exporting products.