Alibaba is launching a major update to its Qwen AI app, integrating it with its core consumer platforms like Taobao, Alipay, and travel services. This aims to create a unified AI assistant for shopping, payments, and bookings for its 100 million users. The stock recently dipped on the news but is up 16% year-to-date following a strong 2024. A report also highlighted the company's growing dominance in China's AI cloud market, which boosted its shares in premarket trading.