Alibaba (BABA) ignites the AI rocket – 431 million USD for China's digital future!

As a long-time observer of the tech industry, I am currently fascinated by Alibaba's aggressive AI offensive. With 431 million USD (3 billion Yuan) for the Qwen app during the Chinese New Year, the e-commerce giant leaves its competitors far behind: Tencent invests 144 million USD, while Baidu only invests 72 million USD. Alibaba's AI campaign kicks off on February 6, making use of the entire festive period surrounding the Chinese New Year, which already began on January 29, leading up to the official nine-day holiday week beginning February...