Alibaba stock dipped after the China tech giant announced a major update to its Qwen AI app, focused on shopping.

Alibaba Group Holding Ltd. plans to link its flagship online shopping and travel services to its AI app, taking its biggest step yet to build Qwen into its one-stop artificial intelligence platform ...

This "free-for-all" strategy allows Alibaba to monetize user activity through cloud services and data-driven improvements. At the same time, Alibaba Cloud is making its AI infrastructure more ...