Alibaba’s Qwen Hits 10 Million Downloads in a Week: Stock up 5%..
Alibaba’s big AI comeback is driving strong attention after Qwen relaunch, and suddenly investors are betting on it for...
Alibaba relaunched its AI app on November 17, 2025 and is now off to a strong start. The app (Qwen) is making headlines because, just a week after its relaunch, it has already reached more than 10 million downloads. Not just that, the company's stock went up by more than 5% in Hong Kong. Alibaba aims to compete with OpenAI, so will this be enough? What caused this massive jump in its downloads? What does the market think? What's Alibaba planning next? For all that, learn more.
Why Did This Happen?
Alibaba has renamed and redesigned several of its old AI apps (that already existed on iOS and Android). It combined all of them into a single name (Qwen) and released it on November 17, 2025.
- It's a fresh start that grabbed attention that no one expected. The app took off right away, and the company garnered more than 10 million downloads in a week.
- For the record, the world's famous AI tools like ChatGPT aren't available in the country.
- And so Alibaba’s Qwen is becoming China's fastest-growing app. Not just that, this sharp jump in downloads after making the headline boosted its stock price.
- The price rose by more than 5%, indicating the company is building investors' trust.
What Does the Market Think?
A famous market expert, Kenny Ng, said:
- If Alibaba can leverage the Qwen for online shopping, health, maps, etc., it will strongly help the company's value grow in the long run.
- The company's investors also see this as a way to prove it deserves a valuation similar to OpenAI's, which suggests it's preparing to compete.
What Is Alibaba Planning Next?
Apparently, Alibaba has plans to make Qwen a full-fledged AI agent. It wants the tool to help users with many things, especially shopping.
According to the company, it will add new features to the app in the next few months:
- Online shopping (including Taobao)
- Maps and navigation
- Food delivery
- Travel bookings
- Office and work tools
- E-commerce
- Education
- Health guidance
- Lifestyle services
Alibaba's Strategy
Alibaba’s CEO, Eddie Wu, announced that the company is an "AI-first" company, meaning AI will now be at the centre of everything it does.
What Else Is Happening in China?
China is adapting to AI tech fast. Alibaba’s financial arm, Ant Group, has recently launched its AI assistant LingGuang. The app quickly became popular, reaching more than 1 million downloads in just 4 days.
Adepu Bindu
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