Alibaba Innovates with Qwen AI App to Face ChatGPT Competition

Alibaba Group Holding Ltd. made a significant impact with the debut of its Qwen app, garnering over 10 million downloads shortly after its rebranding. This success signals a robust endeavor to challenge OpenAI’s ChatGPT domination. The surge in Alibaba’s shares by more than 5% following the announcement on WeChat is indicative of investor confidence in the app’s potential. The recent overhaul of Alibaba’s existing apps under the Qwen banner on iOS and Android played a pivotal role in enhancing user engagement. The race to develop AI applications has seen remarkable uptake rates, exemplified by the rapid user acquisition of OpenAI’s…