Alibaba shares rose 5.4% after releasing Qwen 3.8 Max model
Alibaba’s shares increased as much as 5.4% in Hong Kong after the company released a preview version of its Qwen 3.8 Max model.
The Qwen 3.8 Max model is described as second only to Anthropic’s Fable 5.
The market reaction suggests investors are optimistic about Alibaba’s new model and its potential impact on the company’s competitiveness in the global market.