Alibaba's Qwen AI App Soars to 10M Downloads in Just One Week
Alibaba's (BABA) Qwen AI assistant reaches 10 million downloads within a week of launch, competing with ChatGPT in China's growing consumer AI market.
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PDD Holdings Beats Earnings But Warns of Tough Times Ahead
PDD Holdings (PDD) reports 9% revenue growth and beats profit forecasts, but shares fall as company cautions about fierce competition and regulatory challenges affecting its China and Temu businesses.
China’s Singles’ Day Sales Soar with AI Boost
Alibaba, JD.com, and Douyin see record-breaking Singles’ Day sales as AI helps brands grow amid a slow economy.
Alibaba Accused of Supporting Chinese Military Operations Against US Targets
White House memo claims Alibaba provides tech support to Chinese military for operations targeting US infrastructure, raising national security concerns about data access and cyber threats.
Alibaba to Revamp Its AI App “Tongyi” into “Qwen” to Rival ChatGPT
Alibaba is overhauling its “Tongyi” app into “Qwen,” adding AI agent features for shopping and expanding globally — a major step to compete with OpenAI and ByteDance.
XPeng to Launch China’s First Self-Developed Robotaxi Fleet in 2026
XPeng plans to roll out three self-developed robotaxi models next year using its own chips, software, and hardware, marking a first for a Chinese automaker.