Alibaba’s Qwen AI assistant launched explosively in China, driving shares up by 5% as it hit 10 million downloads within a week of its relaunch. This rapid adoption indicates strong consumer interest in domestic AI tools, validating Alibaba’s strategic shift toward AI-powered services. The company has also consolidated its mobile applications under the Qwen brand, streamlining the user experience and enhancing brand recognition. Analysts see Qwen’s launch as a critical metric for benchmarking Alibaba against AI leaders like OpenAI, especially since Chinese consumers cannot access ChatGPT. Additionally, Ant Group introduced its LingGuang AI assistant, which rapidly gained over 1 million downloads, reflecting increased demand across Alibaba’s product range. Future plans include advanced AI capabilities across e-commerce platforms and other services, aimed at transforming Qwen into a comprehensive AI agent. As Alibaba prepares for its quarterly earnings call, investors are eager to learn about monetization strategies and user engagement metrics to gauge the sustainability of AI investments.
Source link
