Alibaba Forms Task Force to Accelerate Foundation Model Development
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 05 2026
0mins
Should l Buy BABA?
Source: seekingalpha
- Leadership Change: Following the resignation of Lin Junyang, head of Alibaba's Qwen AI unit, CEO Eddie Wu announced the formation of a task force comprising himself, CTO Wu Zeming, and Cloud CTO Zhou Jingren to consolidate resources and accelerate foundation model development.
- Strategic Priority: In an internal memo, Wu emphasized that advancing foundation models is a core strategic priority for the company, stating that they will continue to uphold their open-source model strategy while increasing investment in AI research and development to attract top talent.
- Ongoing Leadership: Zhou Jingren will continue to lead the Tongyi Laboratory, which focuses on developing Qwen AI models, ensuring the company's sustained innovation and technological advancement in the AI sector.
- Industry Reaction: Lin's resignation has garnered significant attention within the industry, with many, including Chinese AI startup MiniMax, expressing gratitude for his contributions to the open-source community, highlighting his influence in the field.
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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: 123.730
Low
180.00
Averages
203.09
High
230.00
Current: 123.730
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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