Alibaba to spend $431 million for Lunar New Year AI push as chatbot war heats up
Published on: Feb. 2, 2026, 11:25 a.m. | Source: The Economic Times
The pledge by Alibaba, which triples the spending promised earlier by rivals Tencent and Baidu, is set to start on February 6. It will involve incentives for dining, drinks, entertainment and leisure, with "large red envelopes distributed continuously," Alibaba said in a statement.
