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Alibaba Previews Next-Generation Qwen AI Model; Shares Up 4%

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Alibaba (HKG:9988) previewed its next-generation artificial intelligence model, Qwen3.8-Max-Preview, according to an X post on Sunday.

The Chinese technology company said the model, with 2.4 trillion parameters, is available through its Token Plan subscription service and its Qoder and QoderWork AI agent platforms.

Alibaba said Qwen3.8-Max-Preview is "one of the most powerful models available today," comparable to leading frontier AI models and second only to Anthropic's Claude Fable 5.

Shares of the firm were up nearly 4% in Monday's recent trade.

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