Alibaba

Alibaba’s integration of Qwen and Taobao shows why data may become the moat for shopping in the AI era.

Agent-driven coding could be the next test of its AI cloud strategy.

The company is using sequels, animation, and offline experiences to extend the value of stories beyond the screen.

Investors now have a clearer commercialization story, while Taobao Shangou shifts from subsidies to unit economics.

Heavier spending has wiped the tech giant’s profit and pushed cash flow negative, even as AI demand continues to outstrip supply.

Smaller rivals are being pushed to the margins as online shopping booms in Thailand and Malaysia.

Qianniu sits at the center of the plan, evolving into an agentic AI platform to anchor a new token-based operating model.

Qwen’s new ride-hailing feature highlights how difficult it is to build AI that can execute reliably in the real world.