**[Alibaba Establishes Alibaba Token Hub to Fully Embrace the AI Agent Era]** Alibaba has officially established the Alibaba Token Hub (ATH) business group, creating a new organization with the core objectives of "creating Tokens, delivering Tokens, and applying Tokens," directly overseen by Alibaba CEO Wu Yongming. This marks a significant organizational adjustment by Alibaba in response to the AI Agent era, with the Token Hub as the central focus to strengthen strategic coordination in AI business and comprehensively advance the implementation of Alibaba's AI strategy. Alibaba Token Hub includes Tongyi Laboratory, the MaaS business line, the Qianwen division, the Wukong division, and the AI Innovation division, covering a complete layout from foundational model development and model service platforms to AI applications for both individual and enterprise users. Among these, the Wukong division is appearing in the public eye for the first time, positioned as a "B-end AI-native work platform that deeply integrates model capabilities into enterprise workflows." This indicates that, in addition to the C-end AI application Qianwen APP, Alibaba will also focus heavily on the B-end AI application market. (Hard AI)