Alibaba shares rally on launch of Qwen3.8-Max AI model

The e-commerce giant's latest large language model aims to narrow the technology gap with U.S. peers, sending Hong Kong-listed stock higher.

By Handelsavisen Newsroom · Automated 2026-08-03 10:41 UTC · 1 min read

Alibaba Group shares climbed in Hong Kong trading on Monday after the company unveiled Qwen3.8-Max, its latest and most powerful artificial intelligence model.

The release marks a significant step in the Chinese tech sector's push to compete with leading U.S. AI developers.

4 trillion parameters, is scheduled for public release next week.

The new model, which boasts 2.4 trillion parameters, is scheduled for public release next week.

It is already accessible to developers through Alibaba's cloud platform, allowing early integration and testing.

The announcement triggered a positive reaction from investors, who have been watching for signs of technological progress amid intensifying U.S.-China competition in the AI space.

This development follows a period of strong market performance for Alibaba's AI initiatives.