The AI Free-Spending War in China: Yuanbao, Qwen, and Doubao Throw RMB 4.5 Billion (USD 648.5 million) at It—Who Is Defining the Next-Generation “Entrance”?
During the 2026 Spring Festival, China’s tech giants threw real money into the AI battlefield and kicked up a haze of smoke. Tencent Yuanbao splurged RMB 1.0 billion in cash red packets (USD 144.12 million), Alibaba’s Qwen followed with RMB…
