Alibaba’s (BABA) new AI assistant, Qwen, surpassed 10 million downloads in its first week of public beta, outpacing early adoption of ChatGPT and DeepSeek, The South China Morning Post’s Wendy Chen reports. Its strong launch supports Alibaba’s push to build a leading AI platform to compete with major global models like Google’s (GOOGL) Gemini and ChatGPT, which are unavailable in mainland China, according to the report. Qwen marked “Alibaba’s most significant step yet into the consumer AI market, aiming to transform its cutting-edge foundational AI model capabilities into real-life applications and tools,” the company says.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BABA:
- Options Volatility and Implied Earnings Moves This Week, November 24 – November 26, 2025
- Alibaba (BABA) Will Report Its Q2 Earnings Tomorrow. Here Is What to Expect
- Alibaba Stock (BABA) Climbs as New Qwen AI App Gains Traction Ahead of Q2 Earnings
- The Week That Was, The Week Ahead: Macro & Markets, November 23, 2025
- Alibaba’s Stock Poised for Growth Amid Cloud Optimism
