Qwen
Qwen (9988.HK) is a publicly traded China AI Labs company founded in 2023 and based in Hangzhou, China.
Qwen was founded in 2023 and is headquartered in Hangzhou, China. The lab builds the Qwen3 family of large language models, released as open-weight checkpoints in sizes ranging from small dense models to sparse mixture-of-experts systems, with hybrid reasoning that lets users toggle deliberate thinking on or off. It also develops Qwen-Image, a 20-billion-parameter image generation and editing model noted for accurate text rendering, and Qwen Code, an open-source command-line coding agent. Developers obtain model weights from Hugging Face or ModelScope and access hosted models through Alibaba Cloud Model Studio, and Qwen Code operates alongside Alibaba Cloud's Coding Plan subscription. The company is listed on the Hong Kong Stock Exchange under the ticker 9988.HK and has a headcount range of 201-500.
Qwen develops open-weight model families spanning language, image generation and coding agents, which gives developers downloadable weights alongside hosted access. Its models are distributed through Hugging Face, ModelScope and Alibaba Cloud Model Studio, and Qwen Code is compatible with third-party tools including Claude Code, Cline and Cursor. The Qwen3 series targets coding, math, multilingual and agentic workloads, making it a reference point for open model development in China.
At a glance
Total raised
Undisclosed
Headcount
201-500
Headquarters
Hangzhou
ChinaFounded
2023
Status
Public
Subsector
Funding history
Total raised
—
Rounds tracked
0
No dated funding rounds on file. This company is privately held and may be raising or operating on undisclosed capital.