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China’s e-commerce giant ramps up AI investment to innovate business landscape

This photo taken on Nov. 1, 2024 shows an outdoor installation featuring “Double 11” shopping festival at Alibaba Group’s Xixi Park in Hangzhou, east China’s Zhejiang Province. (Xinhua/Huang Zongzhi)BEIJING, Feb. 27 (Xinhua) — The Qwen foundation model, developed by China’s Alibaba Group, has spawned over 100,000 derived models, claiming the top spot globally. This advancement comes as the e-commerce giant continues t