Alibaba Group's (NYSE:BABA) mapping and local services platform, Amap, reached a record 360 million daily users on the first day of China's National Day holiday, underscoring the company's growing push into the local services market.
The milestone, coupled with new AI-driven features and enhanced road safety tools, helped lift Alibaba shares above their 52-week high, with JPMorgan boosting its price forecast by nearly 45%.
