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Story summary
- Alibaba Group plans to invest 3 billion yuan in Qwen artificial intelligence (AI) app during Lunar New Year holiday, starting February 6.
- The nine-day public holiday begins February 15, extending window for user acquisition.
- Tencent has allocated 1 billion yuan for its AI chatbot promotions.
- Baidu has allocated 500 million yuan for its AI chatbot promotions.
- DeepSeek plans to release next-generation V4 model, intensifying competition in China's AI market.
