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Alibaba Cloud has become a key growth area for the Chinese e-commerce and fintech giant. China is shifting its tone toward the tech industry to promote economic growth across industries.

Alibaba stock's multimonth pullback offers an opportunity. Don't ignore the risks.

Alibaba has added agentic and payments capabilities to its consumer-facing artificial intelligence (AI) app Qwen App. With new features that are now available for public testing in China, Qwen App can order food, complete in-chat payments, call and book travel, and call restaurants, Alibaba said in a Thursday (Jan. 15) press release.

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

The online retailer said at a launch event on Thursday that it has connected Qwen to its e-commerce and online travel agency platforms.

Alibaba Group is rolling out a major update of its Qwen app, integrating the chatbot into its ecosystem and allowing it to carry out tasks on users' behalf.

Alibaba on Thursday launched significant upgrades to its Qwen artificial intelligence app, saying it could now execute tasks such as order food delivery and make travel bookings as it more aggressively pushes into consumer-facing AI.

PixVerse co-founder Jaden Xie spoke with CNBC in an exclusive interview about financing and AI slop. The company released a new AI model for generating video in real time.