【AI+9988】Alibaba's stock price rebounds 2%; rumors about the Qianwen model team collectively leaving are false.

SocialAnxietyStaker · 2026-03-06T02:48:03+00:00

Alibaba recently issued a statement regarding rumors of "Qianwen Model Core Team Collective Resignation" and "Open Source Strategy Adjustment," stating that the team is stable and emphasizing continued commitment to the open source strategy. CEO Wu Yongming confirmed the resignation of the person in charge, Lin Junyang, but will increase investment in the Qianwen team to attract global AI talent for joint development. Alibaba's stock price thus rebounded by 2%.

SocialAnxietyStaker

2026-03-06 02:48:03

Abstract generation in progress

Alibaba (09988)
Recently, rumors circulated online about the “collective departure of the Qianwen model core team” and “adjustments to open-source strategies.” Alibaba Group has issued a denial. Alibaba’s stock price stabilized and rose by 2%, reaching a high of 129.9 HKD.

Alibaba stated:

The Qianwen model team is stable, and there is no “collective resignation” situation. All products and services are operating normally.
Qianwen will adhere to its open-source strategy. The foundational model team has never set commercial KPIs such as DAU. The goal of the Qwen large model is to continuously push the limits of model intelligence and achieve AGI.
Alibaba sincerely welcomes top AI talent worldwide to join and jointly build world-class large model technology and open-source ecosystem. Alibaba will continue to increase investment, providing strong support for the Qianwen team to reach new technological heights.

Lin Junyang, head of the Qianwen open-source large model technology, suddenly announced his resignation early Wednesday morning. Alibaba CEO Wu Yongming later responded to Lin Junyang’s departure in an internal email, stating that the company has approved Lin Junyang’s resignation and will continue to uphold its open-source model strategy.

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