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BTCC / BTCC Square / Global Cryptocurrency /
Alibaba Relaunches AI App as ARK Invest Bolsters Stake

Alibaba Relaunches AI App as ARK Invest Bolsters Stake

Author:
Global Cryptocurrency
Published:
2025-11-13 11:02:02
16
1
BTCCSquare news:

Alibaba Group Holding Limited is repositioning its artificial intelligence strategy with the relaunch of its flagship mobile app, rebranded from 'Tongyi' to 'Qwen' to mirror its proprietary AI model. The upgraded platform will integrate agent-AI shopping tools directly into Alibaba's e-commerce ecosystems, including Taobao, creating a unified challenger to ChatGPT's dominance.

Cathie Wood's ARK Invest made a $26.2 million bullish bet on Alibaba shares across three ETFs on November 11, even as the stock dipped 3.1%. The MOVE coincides with ARK's exit from Reddit ($8.2 million sale) and additional $1.9 million investment in Baidu, signaling strategic rotation within Chinese tech equities.

Despite trailing Tencent and ByteDance in current AI app adoption, Alibaba's decision to maintain free access aims to prioritize user acquisition over immediate monetization. The staged rollout suggests calculated competition in China's intensifying AI arms race.

|Square

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