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Story summary
- Alibaba Group, through its Amap unit, is launching an AI-driven service that creates 3D virtual tours of restaurant interiors from simple photos or videos.
- The service aims to reduce marketing costs and boost competitiveness against Meituan in China's food-services market.
- It will be offered for free initially to a select group of businesses.
- CEO Eddie Wu emphasized integrating artificial intelligence across Alibaba's operations, reflecting a broader tech-trend effort.
- Alibaba's investments and AI advancements have positively influenced its stock performance, with shares rising 2.68% in Hong Kong trading.
