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Lin Junyang, the head of Alibaba Qwen, announced late at night that he will be leaving the Qwen team, without revealing his next destination or successor. Internal sources indicate that a replacement has not yet been determined, and some of Lin's responsibilities may be taken over by other colleagues. Lin Junyang is Alibaba's youngest P10 level technical leader and was a key driver behind the Tongyi Qianwen series of open-source large models. Following the announcement, AI researchers expressed their respect and gratitude for him on social media

- Lin Junyang, head of Qwen, unexpectedly announced his departure from the team, with no information on his successor or future plans provided yet.  
- An insider indicated that there is currently no one ready to take over his role, suggesting that some of his functions might be managed by incoming colleagues, but a complete replacement remains uncertain.  
- Lin, at only 32, has made significant contributions to AI at Alibaba, and his departure has led to widespread expressions of respect from researchers, reflecting his influence in the industry.

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Breaking! Alibaba Qwen experiences a late-night earthquake, Lin Junyang officially announces "stepping down and leaving"

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Alibaba's Qwen AI project faces a setback as Junyang Lin, a key technical leader, steps down just after the launch of the Qwen 3.5 models. His departure has sparked strong reactions from colleagues and industry partners, highlighting his central role in the project. The Qwen family of models has gained prominence in China, competing with major U.S. AI developers. The reasons for Lin's exit remain unclear, and Alibaba has not commented on the situation or the Qwen team's leadership structure.

- Alibaba’s Qwen AI project faced a significant setback as Junyang Lin, a key technical leader, announced his departure shortly after the launch of the Qwen 3.5 open-weight models.  
- The departure drew notable reactions from colleagues, who emphasized Lin's pivotal role in advancing the project amidst intensifying global AI competition.  
- The circumstances of his exit remain uncertain, with Alibaba not commenting on the reasons or future leadership of the Qwen team.

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Alibaba’s Qwen tech lead steps down after major AI push

Alibaba Cloud announced that it will adjust the first purchase discount activity for the Coding Plan due to a surge in subscription volume and a spike in API call volume. Starting from March 4th, the first purchase discounts for the Lite and Pro packages will be available in limited quantities, during the hours of 9:30-11:30 and 14:30-16:30 each day, until sold out. The rights of existing subscribers and renewals will remain unchanged, and regular subscriptions will not be affected

Announcement on Adjustment of Alibaba Cloud Coding Plan First Purchase Discount Activity

Morgan Stanley's review of the Spring Festival AI battle shows that the four major platforms spent over 8 billion yuan to seize the "AI super entrance." ByteDance's Doubao topped the traffic rankings thanks to its Spring Festival marketing, "winning" the short-term traffic battle. Alibaba's Tongyi Qianwen holds an advantage in retention metrics, but its post-holiday DAU running at a high level is mainly due to multiple extensions of coupons until March 3, and the actual retention still needs to be verified. The report warns that burning money cannot buy a moat; the outcome depends on product strength and ecosystem integration

- During the 2026 Spring Festival, Chinese tech giants engaged in an unprecedented AI user acquisition war, with over 8 billion RMB spent on subsidies.  
- Morgan Stanley reported significant growth in daily active users, but noted disparities in user engagement and retention following the subsidy period.  
- The analysis indicates that long-term success will depend more on product utility and real value creation rather than on short-term subsidy-driven user acquisition strategies.

Spring Festival AI Battle Review: Doubao "Wins" Traffic, Qianwen "Occupies" Retention

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The stock disclosure from the Hong Kong Stock Exchange shows that Alibaba reduced its holdings in Red Star Macalline by 3.4407 million shares on February 25, at an average price of RMB 2.6334, decreasing its stake from 6.03% to 5.93%

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Alibaba reduced its holdings in Red Star Macalline by 3.4407 million shares, bringing its shareholding to 5.93%

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The Hang Seng Index closed at 25,768 points, down 291 points or 1.1%. The Hang Seng Tech Index reported 4,876 points, down 112 points or 2.3%. The total market turnover was HKD 370.545 billion. Xiaomi Group fell over 4%, while major stocks such as Meituan, Alibaba, and Tencent also experienced declines. Individual stocks like PetroChina and CNOOC reached new highs with active trading

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According to the "All-Day Express," the Hang Seng Index fell by 291 points; the Hang Seng Tech Index dropped by 112 points. Xiaomi Group fell by over 4%. PetroChina, CNOOC, OOIL, United Energy Group, and COSCO Shipping Holdings reached new highs with active trading

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According to the report from Soochow Securities Co., Ltd., last week, the net inflow of southbound funds in the Hong Kong stock market was HKD 6.7 billion, mainly flowing into information technology, discretionary consumer goods, and real estate construction industries, while outflows were seen in telecommunications and utilities. The stocks with the highest net purchases included Meituan, Xiaomi, and Tencent. The net inflow into ETFs accelerated, reaching a total scale of HKD 444.26 billion. The top ten net purchased stocks were Meituan, Alibaba, BYD, etc., while the stocks with net outflows included Zijin Mining, China Life, and Minmetals Resources, among others

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Dongxing Securities Co., Ltd. lists the top ten net purchases and net sales of Hong Kong stocks by southbound funds last week (table)

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The Hang Seng Index closed at 25,985 points, down 74 points or 0.3%; the Hang Seng Tech Index reported 4,938 points, down 50 points or 1.0%. Xiaomi Group fell over 3%, while PetroChina, Orient Overseas, CNOOC, UNITEDENERGY GP, and COSCO SHIPPING Energy reached new highs. Among active heavyweight stocks, Tencent and Alibaba rose slightly, while Xinyi Solar and Pop Mart saw significant declines

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The "Half-Day Express" reports that the Hang Seng Index closed at 25,985 points, down 74 points; the Hang Seng Tech Index closed at 4,938 points, down 50 points. Xiaomi Group fell over 3%, while PetroChina, Orient Overseas, CNOOC, UNITEDENERGY GP, and COSCO SHIPPING Energy reached new highs

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The mainland data platform "AI Product List" announced that in February this year, the top three global AI applications by monthly active users (MAU) were ChatGPT, Doubao, and Qianwen. Among them, ChatGPT's MAU reached 956 million, with a monthly growth of 2.7%. Doubao's MAU grew by approximately 87.4% to 315 million, while Alibaba's Qianwen saw its MAU increase by about 5.53 times to 203 million

China Southern CSI Semiconductor Industry Custom ETF

ChinaAMC Guozheng Semiconductor Chip ETF

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GTJA Allianz SSE STAR Chip Design Thematic ETF

Mainland data: In February, the global AI application monthly active users ranked Qianwen third with a growth of over five times

EATZ

The latest data shows that the takeaway battle has led to a decline in net profits for 80% of catering merchants, with 35% of merchants experiencing a drop of over 30%; 74% of merchants have seen a decrease in average order value, with 53% experiencing a decline of over 10%, and only 5% of merchants have achieved an increase in average order value. Dining-in merchants are the most significantly affected, with 65% of merchants reporting a year-on-year decline in dining-in revenue. Lixin Consulting released a research report on February 27, focusing on catering merchants in the takeaway subsidy battle, covering all 31 provincial-level administrative regions in the country, and collecting 2,298 valid questionnaires

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Data shows that the takeaway war has led to an "irreversible decline" in restaurant prices, with 80% of merchants experiencing a decline in net profits

Alibaba's Qwen has open-sourced the Qwen 3.5 small-size model series, and Musk stated on X that it possesses "impressive intelligence density." Lin Junyang, a member of the Qwen team, expressed gratitude for this. The performance of this model series surpasses that of the hundred billion parameter scale gpt-oss-120B, marking a shift in the large model industry from purely "brute force" to the practical deployment of "lightweight intelligent agents."

- Alibaba's Qwen has open-sourced the Qwen3.5 model series, which includes sizes of 0.8B, 2B, 4B, and 9B.  
- Elon Musk praised these models on X for their "impressive intelligence density," noting that the 9B version's performance rivals or surpasses that of the larger gpt-oss-120B model in several tests.  
- The release of all eight models under the Apache 2.0 license signifies a shift in the large model industry toward practical deployment focused on lightweight intelligent agents rather than purely on size.

Elon Musk praises Qianwen's new model intelligent density

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Current war situation of IRAN vs ISRAEL, UNITED STATES OF AMERICA AND EVERYONE AFFECTING THE MARKET, BULLISH ON THIS DIP $IBM(IBM.US)$Alibaba(BABA.US)

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Alibaba HK SDR 5to1

Gold continue to surge while high risk high reward equities falls. Though it is worth noting that usually in times of tensions, markets tend to bottom in about 40 days and rebound by the end of the year so let's see

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I believe not many people have noticed this news. A federal appeals court has rejected the Donald Trump administration’s request to delay litigation over tariff refunds, allowing importers’ refund cases to proceed. This marks another domestic political setback for the administration.I am currently holding shares of JD.com, and I hoping to hear positive remarks from Liu Qiang Dong regarding the company’s FY2025 financial performance and its outlook for FY2026. Let’s go my green dragon 🐉.

2026 Resolution-Trade like professional . Do not FOMO. Keep more cash.

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I bought into some dips but I’m not sure if that’s a wise move on my part given how uncertain the war can be.

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Iran war fears: Strait closed, oil spikes. Nvidia invests $4B, +3%. Apple debuts iPhone 17e. MongoDB crashes 24%. Your move? Comment &amp; earn Task Coins!

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JD.com

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Apple Group

🔥 Market Flash: War, Tech & Turmoil | Mar 3, 2026

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I believe not many people have noticed this news. A federal appeals court has rejected the Donald Trump administration’s request to delay litigation over tariff refunds, allowing importers’ refund cases to proceed. This marks another domestic political setback for the administration.I am currently holding shares of JD.com, and I hoping to hear positive remarks from Liu Qiang Dong regarding the company’s FY2025 financial performance and its outlook for FY2026. Let’s go my green dragon 🐉.

BILIBILI-W

Gold prices remain firm. If the situation tightens, the stock market is bound to fall. Precious metals and energy will still be strong for a while.

can buy some stuff if dips further during this week

Even though the data shows that the market usually eventually recovers after a geopolitical shock, it is imperative to remember that markets are stretched to begin with. And again according to research, narratives account for only 20% of market movements. Stay safe!

I’m bullish on defense and semiconductor stocks.

Markets on edge: Oil spikes, futures dive, gold shines. Jobs data &amp; AI glasses in focus. Share your take &amp; earn Task Coins!

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🔥 Market Flash: Iran Conflict Shakes Markets, MWC Kicks Off | Mar 2, 2026

Spot gold broke through $5,300 per ounce, with a gain of over 2%.Precious metals remain the cornerstone in various conflicts. Gold is still bullish.

UB#ALIBARP2812F(54744.HK)

Breaking! Alibaba Qwen experiences a late-night earthquake, Lin Junyang officially announces "stepping down and leaving"

Alibaba’s Qwen tech lead steps down after major AI push

Announcement on Adjustment of Alibaba Cloud Coding Plan First Purchase Discount Activity

Spring Festival AI Battle Review: Doubao "Wins" Traffic, Qianwen "Occupies" Retention

Alibaba reduced its holdings in Red Star Macalline by 3.4407 million shares, bringing its shareholding to 5.93%