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flag Alibaba's Qwen AI app hit 10M downloads in a week, boosting shares and signaling strong demand for local AI in China.

flag 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. flag The rapid adoption reflects strong demand in China for local AI alternatives to restricted Western services like ChatGPT. flag 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. flag This momentum follows a similar early success by Ant Group’s AI assistant LingGuang, which gained over a million downloads in four days. flag Analysts see Qwen’s performance as a positive signal for Alibaba’s long-term competitiveness in the AI era.

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