Alibaba's Qwen App Sees 120M Orders Amid Lunar New Year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 02 2026
0mins
Should l Buy BABA?
Source: aastocks
Alibaba Group Holding Ltd's stock is down 3.07% in pre-market trading, hitting a 20-day low.
The decline comes despite the recent success of Alibaba's Qwen app, which generated over 120 million orders from February 6 to 11, showcasing strong consumer demand during the Lunar New Year. This surge in orders is attributed to the integration of various services within the app, enhancing user experience and driving sales. However, the overall market sentiment remains weak, with the Nasdaq-100 down 0.39% and the S&P 500 down 0.29%, indicating a sector rotation impacting Alibaba's stock performance.
The impressive order numbers reflect Alibaba's strategic initiatives to boost user engagement and sales, particularly during a peak shopping season. However, the stock's decline highlights the challenges posed by broader market conditions and intensified competition in the tech sector.
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Analyst Views on BABA
Wall Street analysts forecast BABA stock price to rise
15 Analyst Rating
15 Buy
0 Hold
0 Sell
Strong Buy
Current: 125.460
Low
180.00
Averages
203.09
High
230.00
Current: 125.460
Low
180.00
Averages
203.09
High
230.00
About BABA
Alibaba Group Holding Ltd is an investment holding company mainly engaged in the provision of technology infrastructure and marketing platforms. The Company operates its business through four segments. The Alibaba China E-commerce Group segment is mainly engaged in E-commerce business, including operating Tmall Supermarket and Tmall Global, providing customer management services, product sales, as well as logistics services. It also operates quick commerce business such as Taobao Instant Commerce and Ele.me, as well as the China commerce wholesale business through 1688.com. The Alibaba International Digital Commerce Group segment is mainly engaged in international commerce retail and wholesale business, operating platforms such as AliExpress, Trendyol, Lazada and Alibaba.com. The Cloud Intelligence Group segment mainly provides public and non-public cloud services. The Other segments primarily include the operations of Freshippo, Cainiao, Alibaba Health and other business.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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