After the low-cost, powerful artificial intelligence model DeepSeek launched in January this year shocked the global tech industry, engineers at Alibaba Group canceled their holidays and continued to work during the Spring Festival holiday to catch up. Alibaba Chairman Joseph Tsai stated at the VivaTech conference held in Paris that after the launch of DeepSeek's R1 model, Alibaba realized it was lagging behind in the field of artificial intelligence. He illustrated the intensity of competition in the Chinese tech industry. &#34;Our engineering director decided, they said, 'Cancel the Spring Festival holiday. Everyone stays at the company. Sleep in the office. We need to speed up development,'&#34; he said. &#34;Within weeks, we launched our own version, the Qwen series model. It is very competitive.&#34;
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Alibaba Chairman Joseph Tsai stated at the VivaTech conference that due to the shock caused by the R1 model launched by DeepSeek in the tech industry, Alibaba engineers canceled their Spring Festival holiday and fully committed to catching up with the AI wave. He mentioned that the competition in China's tech industry is fierce, and the engineering director decided to keep the team at the company to accelerate development, resulting in the competitive Qwen series models being launched within weeks

- In January 2025, the launch of DeepSeek's low-cost AI model prompted Alibaba engineers to cancel their holidays and work through the Spring Festival to catch up.  
- Alibaba Chairman Cai Chongxin highlighted the intense competition in China's tech industry, stating that the company quickly developed its own competitive Qwen series models.  
- The article includes a risk disclaimer, advising that market investments carry risks and that the content does not constitute personal investment advice.

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Joseph Tsai: After DeepSeek made breakthroughs, Alibaba engineers worked tirelessly during the Spring Festival to catch up with the AI wave