Alibaba Group shares climbed in trading following the company's unveiling of Qwen3.8 Max, an upgraded version of its flagship artificial intelligence model.
The new model is now accessible to developers through Alibaba's coding platforms, including Qoder, marking a significant step in the tech giant's push to deepen its AI infrastructure capabilities.
The stock's ascent continues a strong run for Alibaba, which has seen substantial gains in recent sessions.
Shares previously rallied sharply after the company confirmed partnerships with Apple to deploy its AI tools, with the Hong Kong-listed stock climbing as much as 13.8% in a single session earlier in the week.
The latest product launch reinforces investor sentiment that Alibaba is successfully monetizing its cloud and AI assets.
The release of Qwen3.8 Max underscores Alibaba's strategy to compete directly with other major tech firms in the generative AI space.