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Alibaba’s Qwen AI App Drives Stock Surge Ahead of Earnings

Alibaba’s Qwen AI App Drives Stock Surge Ahead of Earnings

Author:

Global Cryptocurrency

Published:

2025-11-24 05:57:20

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BTCCSquare news:

Alibaba Group Holding Ltd. (BABA) shares rallied more than 5% in Hong Kong trading after its revamped Qwen AI application surpassed 10 million downloads within a week of relaunch. The strong uptake signals potential for China's e-commerce giant to compete in consumer-facing artificial intelligence, where ChatGPT remains unavailable.

Investors now await Tuesday's earnings report, with analysts projecting $0.85 per share profit on $34.3 billion revenue. Key focus areas include AI roadmap details, cloud division performance, and whether Qwen's momentum can offset broader macroeconomic pressures.

China Everbright Securities analyst Kenny Ng notes the market views Qwen's traction as pivotal for Alibaba's valuation. The rebranded AI suite consolidates previous tools under a single banner, positioning the company among China's fastest-growing AI platforms.

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