Chinese tech giants wage $431 million chatbot war as AI competition hits new heights
Alibaba pledges 3 billion yuan ($431 million) to attract users to its Qwen AI app during Lunar New Year, tripling spending by rivals Tencent and Baidu. The escalating promotional battle comes as Chinese tech giants prepare to launch next-generation AI models, with cash incentives, iPhones, and TVs offered to users who register and interact with their chatbots.