Alibaba Shares Surge as Qwen AI App Hits 10 Million Downloads in a Week
Alibaba's stock jumped after the company relaunched its AI chatbot app under the Qwen brand, recording over 10 million downloads in just one week. This shows strong interest in Alibaba’s consumer-focused artificial intelligence products.
The Qwen app brings together Alibaba's previous AI offerings for mobile devices under a single brand. It is designed to compete with popular AI chatbots like OpenAI's ChatGPT and Google's Gemini.
This wave of user interest has helped boost Alibaba’s market performance, despite recent challenges, including past regulatory crackdowns and a sharp decline in its share price in previous years.
Qwen is Alibaba's new AI chatbot app, and its rapid growth shows that the company is becoming a stronger player in consumer artificial intelligence.
Alibaba's stock price increased after news that Qwen reached over 10 million downloads in one week.
Alibaba is competing with major players such as OpenAI (which developed ChatGPT) and Google (which developed Gemini).
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