India, Nov. 25 -- Chinese tech giant Alibaba reported a quarterly revenue bump on Tuesday, after shares rose on the blockbuster launch of a new artificial intelligence app downloaded more than 10 million times in a week.Analysts said the early success of the company's redesigned Qwen app positions it as a potential competitor to Chinese rival DeepSeek and OpenAI's ChatGPT.

Alibaba said on Tuesday revenue in the three months ending September 30 totalled 247.8 billion yuan ($35 billion).

That was a five percent jump on the 236.5 billion yuan logged in the same quarter last year and beat analyst estimates of 245.2 billion yuan.

"We have entered into an investment phase to build long-term strategic value in AI technologies and infrastructu...