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Alibaba Shares Surge 4% After Launching Qwen-3-Max AI Model

Alibaba Shares Surge 4% After Launching Qwen-3-Max AI Model
Ishant Sharma
Ishant Sharma
Technology / Science Contributor
Published: Updated: 1 min read

Updated · Originally published

Alibaba Group Holding Ltd. shares jumped 4.02% on the Hong Kong Stock Exchange after the company unveiled Qwen-3-Max-Preview, its largest AI model featuring over 1 trillion parameters. This makes it larger than OpenAI’s GPT-4.5.

The new AI model, available on Alibaba Cloud and the OpenRouter marketplace, offers improved Chinese-English text understanding, better complex instruction handling, and enhanced multilingual capabilities.

Alibaba’s cloud computing unit reported a 26% revenue growth in the quarter ended June, contributing to the company’s total revenue of $34.73 billion.

In addition, Alibaba led a $100 million funding round for robotics startup X Square Robot and aims for 100% AI adoption by merchants on its wholesale e-commerce platform by the end of the year.

This move positions Alibaba at the forefront of AI innovation in China and strengthens its cloud and e-commerce ecosystem.

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Technology / Science Contributor

Covers: Technology, AI, Software, Semiconductors, Science, Innovation, Gadgets, Digital Products, IT, Cloud Computing

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Ishant Sharma
Technology / Science Contributor

Ishant Sharma

Ishant Sharma is a Technology and Science Contributor at BigBreakingWire, covering artificial intelligence, software, semiconductors, gadgets, and emerging technologies.

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Last reviewed by Ishant Sharma on February 7, 2026

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