Alibaba's Qwen Application: Surpassed the 10 Million Download Threshold

Alibaba's Qwen App Surpasses 10 Million Downloads

Alibaba Group's redesigned Qwen application, which enhances the company's significance in the sector, has quickly captured user interest. The app surpassed the 10 million download mark just seven days after its public beta launch, drawing attention.

Stock Response and Market Impact

This major success led to a nearly 5% rise in Alibaba's stock. The company's decision to consolidate its previously developed artificial intelligence features - such as those in the Tongyi app and functions in the Quark browser - under one roof was viewed positively by investors. Investment analysts are assessing this consolidation as a potential artificial intelligence super app in the Chinese market.

Success in the App Store and Competition

The Qwen app quickly made its way into the top five free apps in Apple's App Store in mainland China and Hong Kong by the second day of beta testing. This success enhances Alibaba's potential as a strong player, while some analysts highlight the app's possibility of replacing WeChat, led by Tencent Holdings (**TCEHY**).

However, despite the strong start, Alibaba faces competition from low-cost rivals like DeepSeek. DeepSeek has implemented an aggressive pricing strategy since its launch at the beginning of the year, triggering a widespread price war in the sector. How Alibaba will develop strategies in this competition will be closely watched by investors in the coming days.