Alibaba Shares Jump as It Prepares for Thursday's Qwen Launch Event

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Alibaba Group's shares jumped 4% in premarket trading.

Citigroup analyst Alicia Yap noted in a report that the Qwen consumer application has surpassed 100 million monthly active users, experiencing rapid growth among student and white-collar demographics. She highlighted that Alibaba's Qwen app launch event scheduled for 10:00 AM on January 15th represents the next potential catalyst.

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