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Benzinga

Business

Anusuya Lahiri

REVEALED: Alibaba chinese tech firms slash ai model prices to win developers | Vintage Vibes

BABA Alibaba AI Alibaba Cloud e-commerce Yicai

Jakarta,,February,02,2025:,Qwen,Ai,Also,Called,Tongyi,Qianwen,Or

Alibaba Group (NYSE:BABA) stock is trading lower on Friday amid reports indicating the e-commerce juggernaut and other major Chinese tech firms have slashed the prices of AI coding models to roughly one-fifth of what leading international rivals charge.

The companies aim to trade short-term profits for long-term developer loyalty and market dominance, YiCai reported on Friday, citing industry experts. On July 23, Alibaba Cloud launched its Qwen3-Coder model and immediately offered a 50% discount.

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