Alibaba (BABA) Upgrades Qwen AI Model as China's Tech Giants Battle for Users

Tip Ranks
2026.02.16 11:55
portai
I'm PortAI, I can summarize articles.

Alibaba has upgraded its AI model to Qwen3.5, enhancing its capabilities in text, image, and video processing. This move comes amid intensifying competition in China's AI sector, with rivals like Baidu and Tencent also launching upgrades. Alibaba is investing heavily in AI and cloud systems, expanding its Qwen app to include services like food delivery and travel bookings. Analysts are optimistic about Alibaba's stock, with a Strong Buy consensus and a price target suggesting a potential upside of over 30%.