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Qwen Sparks Shopping Frenzy With 120 Million Orders","url":"https://stock-news.laohu8.com/highlight/detail?id=2610942931","media":"Benzinga","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2610942931?lang=en_us&edition=fundamental","pubTime":"2026-02-12 18:54","pubTimestamp":1770893640,"startTime":"0","endTime":"0","summary":"Chinese consumers accelerated their shift toward AI-powered commerce during the Lunar New Year, driving a massive spike in activity on Alibaba Group Holding Ltd.’s  Qwen platform.Chinese consumers embraced AI-driven shopping during the Lunar New Year holiday, placing more than 120 million orders on Alibaba Cloud’s flagship artificial intelligence app, Qwen, within six days as the company rolled out a multibillion-yuan promotional campaign.Alibaba Cloud, the AI and cloud computing arm of Alibaba, said nearly half of those orders came from residents in counties and hinterland areas.About 1.56 million people aged 60 and above made their first online purchases through Qwen, SCMP reported on Thursday, citing a company statement.The surge followed Alibaba’s Lunar New Year campaign launched on February 6, under which it plans to distribute 3 billion yuan  in incentives through Qwen.Alibaba ramped up Qwen promotions as competition for consumer AI apps intensified.Alibaba previously said it 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Leadership Urges Bold Expansion of Taobao Quick Purchase, Emphasizes Three-Year Investment Strategy","url":"https://stock-news.laohu8.com/highlight/detail?id=1186700249","media":"Deep News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1186700249?lang=en_us&edition=fundamental","pubTime":"2026-02-12 16:26","pubTimestamp":1770884785,"startTime":"0","endTime":"0","summary":"Alibaba plans to continue significant investment in its Taobao Quick Purchase service, expressing no concern over potential losses for the next three years. 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Corporate Strategies in the Multimodal \"DeepSeek Era\": ByteDance Prioritizes \"Efficiency\", Kuaishou Targets \"Professionalism\", and Alibaba Focuses on \"E-Commerce\"","url":"https://stock-news.laohu8.com/highlight/detail?id=1146332640","media":"Deep News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1146332640?lang=en_us&edition=fundamental","pubTime":"2026-02-12 14:41","pubTimestamp":1770878502,"startTime":"0","endTime":"0","summary":"The recent wave of multimodal updates has been密集. On January 31st, KUAISHOU-W upgraded Kling to version 3.0. On February 7th, ByteDance released Seedance 2.0. 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DeepSeek, too, is preparing to release its next-generation model V4 and rival Alibaba 9988.HK is expected to unveil its Qwen 3.5 series, featuring improved mathematical reasoning and coding capabilities, tech industry news site The Information reported last month. Qwen developers submitted support code earlier this month for \"upcoming Qwen 3.5 series models\" to the open-source repository Hugging Face, typically a sign that a release is imminent.Alibaba, ByteDance and DeepSeek have not announced a formal release date for their upgraded models. The companies did not respond to a request for comment. LOW-COST, OPEN SOURCE NOW THE NORMDeepSeek's initial release in January 2025 triggered a 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Group Holding Ltd. ADR Falls Wednesday, Underperforms Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2610377962","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2610377962?lang=en_us&edition=fundamental","pubTime":"2026-02-12 06:21","pubTimestamp":1770848460,"startTime":"0","endTime":"0","summary":"This article was automatically generated by MarketWatch using technology from Automated Insights.The Alibaba Group Holding Ltd. ADR  slipped 1.32% to $164.32 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index  falling 0.16% to 23,066.47 and Dow Jones Industrial Average  falling 0.13% to 50,121.40.The ADR's fall snapped a three-day winning streak.Alibaba Group Holding Ltd. ADR closed 14.71% below its 52-week high of $192.67, which the company achieved on October 2nd.The ADR demonstrated a mixed performance when compared to some of its competitors Wednesday, as Bed Bath & Beyond Inc.  fell 3.15% to $5.22, Rakuten Group Inc. ADR  rose 0.46% to $6.52, and eBay Inc.  fell 5.26% to $82.88.Trading volume  remained 2.4 million below its 50-day average volume of 11.1 M.Data source: Dow Jones Market Data, FactSet. Data compiled February 11, 2026.This content was created by MarketWatch, which is operated by Dow Jones & Co. 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Currently, listed Chinese AI chip companies trade at triple-digit P/S ratios despite being unprofitable. By comparison, Nvidia — which is profitable and dominates the sector — trades at a P/S ratio of only 24. We think the Chinese market functions on different beliefs than Western markets; AI is the currently \"hot property,\" and investors are willing to pay valuations that are not really justifiable anywhere outside China.China Inc by Bamboo Works discusses the latest developments on Chinese companies listed in Hong Kong and the United States to drive informed decision-making for investors and others interested in this dynamic group of companies.Benzinga Disclaimer: This article is from an unpaid external contributor. 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