Alibaba launches new version of AI assistant tool as competition heats up
1. Alibaba launched a new AI assistant app powered by Qwen AI. 2. Company invests $52.5 billion in cloud computing and AI infrastructure. 3. Adapting to competition following DeepSeek's R1 model release. 4. Strategic partnership with Manus AI aims to enhance AI capabilities. 5. Alibaba shares fell 2.45% to 131.5 HKD after the announcement.