Alibaba.com hosted the first European edition of its CoCreate summit in London on November 14, 2025. The event was centered on empowering small and medium-sized enterprises (SMEs) with AI-powered tools to enhance their global sourcing and B2B commerce capabilities. The summit featured keynotes, panel discussions, and a showcase of AI sourcing technologies. A key highlight of the event was the European final of the CoCreate Pitch competition, where entrepreneurs competed for a share of a significant prize pool to help bring their product ideas to market. The summit aimed to connect SMEs with suppliers and provide them with solutions to navigate challenges such as rising costs and supply chain disruptions through digitalization and AI. There has been no significant market reaction reported specifically in relation to the CoCreate event on November 14th. The primary market focus remained on the news from the previous day about Alibaba's major revamp of its AI application, 'Tongyi', into 'Qwen' to compete with ChatGPT, which had already prompted a positive stock reaction.