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Alibaba's Qwen AI app hit 10M downloads in a week, boosting shares and signaling strong demand for local AI in China.
Alibaba’s Qwen AI app, rebranded and unified across platforms, reached over 10 million downloads in its first week, driving a 5% rise in the company’s Hong Kong-listed shares.
The rapid adoption reflects strong demand in China for local AI alternatives to restricted Western services like ChatGPT.
The app is part of Alibaba’s broader AI-first strategy under CEO Eddie Wu, aiming to integrate agentic features into core services such as e-commerce, travel, food delivery, and office tools.
This momentum follows a similar early success by Ant Group’s AI assistant LingGuang, which gained over a million downloads in four days.
Analysts see Qwen’s performance as a positive signal for Alibaba’s long-term competitiveness in the AI era.
La aplicación Qwen AI de Alibaba alcanzó 10 millones de descargas en una semana, impulsando las acciones y señalando una fuerte demanda de IA local en China.