<div id="readability-page-1"><div><div><p><strong>Alibaba Group Holding Limited </strong><span>BABA</span> <span>BABAF</span> shares climbed 2.4% to HK$140.60 ($18.05) on the Hong Kong Exchange on Tuesday, building momentum after the Chinese tech giant unveiled its most advanced artificial intelligence model to compete with <strong>OpenAI</strong> and<strong> Alphabet Inc. </strong><span>GOOGL</span> <span>GOOG</span>.</p><h2>Qwen-3-Max AI Model Breakthrough</h2><p>The Hangzhou-based company introduced Qwen-3-Max-Preview on Friday, featuring over 1 trillion parameters in its first model of this scale. The text-only AI system outperformed Alibaba’s previous flagship Qwen3-235B-A22B-2507 model in internal testing.</p><p>Parameters determine AI system intelligence and require extensive computational resources. The Qwen3 series, initially launched in May with models ranging from 600 million to 235 billion parameters, represents Alibaba’s strategic push into generative AI market leadership.</p><h2>Strong Fundamentals Drive Market Performance</h2><p>Benchmark analysts highlighted strengthening fundamentals across Alibaba’s cloud computing and e-commerce segments. The company’s cloud unit delivered robust quarterly performance while its recent AI chip unveiling challenged <strong>Nvidia Corp.</strong>‘s <span>NVDA</span> market dominance in China.</p><p>Alibaba’s P/E ratio of 16.68 and market capitalization of HK$2.60 trillion ($338 billion) reflect investor confidence in the company’s expansion into instant commerce, China’s highly competitive sector.</p><h2>Strategic AI and Semiconductor Push</h2><p>The tech giant’s new AI chip aims to reduce China’s reliance on U.S. semiconductor technology amid ongoing trade tensions. This homegrown technology initiative aligns with Beijing’s technology self-sufficiency goals and positions Alibaba as China’s leading GenAI provider.</p><p>The company’s 0.73% dividend yield and trading range of HK$77.35-$145.90 over the past year demonstrate market volatility amid regulatory changes.</p><ul> <li><strong>Peter Andersen Slams Apple’s Siri And AI Strategy, Investor Warns iPhone 17 Updates No Substitute For Real Innovation: ‘An Embarrassment’</strong></li> </ul><p><em>Photo courtesy: Shutterstock</em></p></div></div></div>

BABA

09988

KBAB

BABO

BABX

<p>Alibaba's shares rose 2.4% to HK$140.60 after launching its Qwen-3-Max AI model, featuring over 1 trillion parameters, to compete with OpenAI and Google. The company’s strong fundamentals in cloud computing and e-commerce, along with a new AI chip aimed at reducing reliance on U.S. technology, bolster investor confidence. Alibaba's P/E ratio stands at 16.68, with a market cap of HK$2.60 trillion, reflecting its strategic push into generative AI and semiconductor markets amid regulatory changes.</p>

- Alibaba Group Holding Limited's shares rose 2.4% to HK$140.60 ($18.05) following the launch of its advanced AI model, Qwen-3-Max-Preview, which features over 1 trillion parameters.  
- The company’s strong fundamentals in cloud computing and e-commerce, along with its new AI chip, aim to challenge Nvidia's market dominance and reduce reliance on U.S. technology.  
- Alibaba's P/E ratio of 16.68 and market cap of HK$2.60 trillion ($338 billion) reflect investor confidence in its strategic push into generative AI and instant commerce.  

Benzinga

Alibaba

BABA-W

KraneShares 2x Long BABA Daily ETF

YieldMax BABA Option Income Strategy ETF

BABA 2x Long Daily ETF - GraniteShares

Alibaba Hong Kong Shares Rise As 1-Trillion-Parameter Qwen-3-Max AI Model Debuts—To Challenge OpenAI, Google