Chinese tech giants trade cash for AI buzz

Beijing (AFP) Feb 2, 2026
Chinese tech giants are luring users with cash offers before their reported upcoming releases of competing AI models this month. Chinese AI models are surging globally, favoured by some companies for their functionality and low cost, sparking fierce domestic competition. Tech giant Alibaba's AI app Qwen on Monday said it would dish out three billion yuan ($430 million) to users in digita