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The Wasatch Global Value Fund - Investor Class gained 6.36% in the third quarter of 2025, outperforming the MSCI All Country World Value Index, which added 6.13%. Leading contributors to the Fund's performance included Chinese e-commerce giant Alibaba Group. Leading detractors from Fund performance for the quarter included Centene Corp.
Alibaba Group (NYSE:BABA) has entered the consumer wearables market with the launch of its first AI-powered smart glasses, the Quark S1 and G1 models. Sales began in China through platforms including Tmall, JD.com, and Douyin, with the S1 flagship priced at 3,799 yuan (US$537) and the G1 positioned as a lighter, lower-cost alternative.
Alibaba said its Quark AI glasses come in two variants — the S1, which starts at 3,799 Chinese yuan ($536) and G1 at 1,899 yuan. Alibaba has integrated its Qwen AI models with the device which also links to its newly-launched Qwen app.
Alibaba released on Thursday its new Quark artificial intelligence glasses in China, heralding the Chinese tech company's efforts to break into the AI wearables market dominated by Meta globally. Prices will start from 1,899 yuan ($268.25) for the headset that will be powered by Alibaba's Qwen AI model and app.
Ähnlich wie seine US-Pendants im Tech-Bereich investiert auch Alibaba hohe Milliardensummen in den KI-Bereich. Diese Investitionen scheinen sich zu rechnen.
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