It is rumored that Tencent has invested in Alibaba's Qwen AI Lab, led by former head Lin Junyang, with a valuation of $2 billion On June 15th, according to The Information, informed sources revealed that Tencent has invested in a new AI laboratory founded by Lin Junyang, former core person in charge of Alibaba's Tongyi Qianwen Qwen big model. In Lin Junyang's first round of financing, Tencent invested 20 million US dollars, bringing the total amount of the first round financing to hundreds of millions of US dollars, with a post investment valuation of approximately 2 billion US dollars. The first round of financing is led by Sequoia China and Gaorong Venture Capital, with each investing $100 million. After completing the first round of transactions, Lin Junyang is already seeking the next round of financing. Prior to this transaction, Tencent had already invested in several local Chinese model developers, including Moonlit, MiniMax, and Zhipu AI, and is currently participating in DeepSeek's latest round of financing. Lin Junyang resigned from Alibaba in early March this year. Due to disagreements with Alibaba over team restructuring, I chose to publicly announce my resignation on social platform X. [Original link]