Youtubeยท2025-09-11 20:27Core Insights - Alibaba's shares surged following the announcement of Quen 3, its next-generation AI model, which is designed to enhance performance while reducing computational costs [1] - The open-source nature of Quen 3 poses a significant competitive threat to both domestic rivals in China and major LLM developers like OpenAI and Anthropic [2] - The K web ETF, which tracks major Chinese internet companies, has increased approximately 2% today and around 40% year-to-date, indicating a strong performance in the China tech sector [3] Company Developments - Both Alibaba and BU are now training their AI models on in-house chips, reducing their dependence on Nvidia [2] - The trend of developing in-house technology reflects China's growing self-sufficiency in AI and the competitive landscape against US companies [4][5] - Rival AI models, such as Kimmy K2, are emerging, further intensifying competition in the AI space [5]