Former Qwen chief Lin Junyang launches AI startup at $2 billion valuation
HongShan and Gaorong Capital jointly led the round, with Tencent and the government-backed Shanghai Engine Fund also participating.
HongShan and Gaorong Capital jointly led the round, with Tencent and the government-backed Shanghai Engine Fund also participating.

The move comes just one week after Alibaba opened public testing of QwenWork, its enterprise-focused AI productivity platform.

The first wave of partners covers more than 10 sectors, including logistics, housing, local services, wealth management and automobiles.

Integrated into Qoder’s Quest mode, the feature lets users summon a persistent voice assistant from any interface.

The launch reflects intensifying competition in AI wearables, where devices are evolving from voice assistants into autonomous AI agents.
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The key question is no longer only whether AI can generate medical answers, but whether those answers can be trusted, explained and independently verified.

Career prospects have emerged as the dominant concern among users as China wrestles with high youth unemployment rates in recent years.
Multiple users claiming to be Alibaba employees said the cuts could range from 30% to 40%, while more extreme claims put reductions in some units as high as 50% or more.

The startup’s focus is not on predicting the next word but on predicting what happens next in the physical world.

Despite Alibaba’s denial of the resignation rumor, Zhou’s position adjustment has drawn mixed interpretations.