Alibaba’s shares were down 4% in Wednesday afternoon trade, underperforming a 2.8% slide for the Hong Kong market [File] | Photo Credit: REUTERS The head of Alibaba Group’s Qwen artificial intelligence model division, Lin Junyang, said on Wednesday he would be stepping down from his role, becoming the third senior Qwen executive to depart this year. “Bye my beloved Qwen,” Lin wrote in a post on X, without providing further explanation. Yu Bowen, who headed post-training for Qwen, also resigned on Wednesday, Chinese media outlet LatePost reported. That follows the departure of Hui Binyuan, a staff research scientist focused on coding, in January. The three men did not respond to requests for comment. Alibaba also did not respond to requests for comment on the departures. Alibaba’s shares were down 4% in Wednesday afternoon trade, underperforming a 2.8% slide for the Hong Kong market that was swept up in a broad selloff as investors fretted over the impact of the Iran war. Lin’s exit comes two days after Qwen released updated products. Monthly active users for Qwen’s mobile app surged to 203 million in February from 31.05 million in January. It now ranks third globally behind OpenAI’s ChatGPT and ByteDance’s Doubao app, according to AICPB.com, which tracks AI products. The jump came after Chinese tech giants launched aggressive campaigns to draw more users to their apps during the Lunar New Year holidays. Alibaba has released more than 400 open-source Qwen models since 2023. The models have been downloaded over 1 billion times. Published – March 04, 2026 12:24 pm IST Share this: Click to share on WhatsApp (Opens in new window) WhatsApp Click to share on Facebook (Opens in new window) Facebook Click to share on Threads (Opens in new window) Threads Click to share on X (Opens in new window) X Click to share on Telegram (Opens in new window) Telegram Click to share on LinkedIn (Opens in new window) LinkedIn Click to share on Pinterest (Opens in new window) Pinterest Click to email a link to a friend (Opens in new window) Email More Click to print (Opens in new window) Print Click to share on Reddit (Opens in new window) Reddit Click to share on Tumblr (Opens in new window) Tumblr Click to share on Pocket (Opens in new window) Pocket Click to share on Mastodon (Opens in new window) Mastodon Click to share on Nextdoor (Opens in new window) Nextdoor Click to share on Bluesky (Opens in new window) Bluesky Like this:Like Loading... Post navigation U.S. says orders non-emergency consular staff in Karachi, Lahore to leave Pakistan Millions of dollars in crypto left Iranian exchanges after strikes, researchers say