Alibaba's generative AI offering, Qwen, is increasing its operational relevance as its Yuanbao Red Packet features can now be copied and shared within rival Tencent's ubiquitous WeChat platform.
- The development underscores the high-stakes "chatbot war" currently ongoing in China.
- Alibaba recently pledged 3 billion yuan for Lunar New Year promotions.
- BABA stock is trading up 1.06%, reflecting continued investor optimism surrounding the company’s AI ecosystem growth.