<div id="readability-page-1">Alibaba Group Holding has teased preview versions of its next flagship artificial intelligence model, as the tech giant sharpens its AI operations and ramps up spending in the industry. The new model previews, the Qwen3.7-Max-Preview and the Qwen3.7-Plus-Preview, ranked 13th globally in text capabilities and 16th in vision capabilities, respectively, benchmark firm LM Arena said on Tuesday. The versions overtake other Chinese AI labs in several areas, making them the top Chinese AI models of the moment, based on Arena’s rankings. The preview models still trail behind top United States products, including Anthropic’s Claude, Google’s Gemini and OpenAI’s ChatGPT models. Alibaba’s proprietary Qwen3.7 preview models come a month after the company launched its previous flagship Qwen3.6 series. The Chinese AI and e-commerce giant, which owns the South China Morning Post, has not previously revealed details of the upcoming Qwen3.7 series models, though it has teased the launch of a major new model at the Alibaba Cloud Summit in the eastern city of Hangzhou on Wednesday. Tech companies often release preview versions of their next-generation models on Arena, which ranks models based on user preferences, in order to collect data to optimise for the final iteration. Alibaba is among Chinese AI developers that have recently moved away from fully open-sourcing their most powerful models, as commercialisation pressures increase, driven by the massive spending on computing power required for the products. The company kept its previous Qwen3.6-Max and Qwen3.6-Plus models proprietary, which requires paid use through an application programming interface. But it open-sourced the Qwen3.6-27B, a smaller model that the company said had a “dense” architecture that allowed it to “pack flagship-level coding power”. Alibaba’s new model preview comes as it doubles down on its commitments in artificial intelligence, as the company sees increased AI-driven revenue and capital expenditure. AI-related product revenue at Alibaba hit 8.97 billion yuan (US$1.31 billion) in the three months up to March 31, the company said in its latest quarterly results, where it disclosed such numbers for the first time. AI products are expected to generate more than 50 per cent of Alibaba’s cloud-computing revenue within the next year, as the company steps up its efforts to monetise its artificial intelligence.  Alibaba CEO Eddie Wu Yongming said last week that the company was likely to “overshoot” the company’s original capex target of 380 billion yuan, citing the massive investment required for AI data centre buildout. Alibaba last month reshuffled its AI operations following a series of talent departures, including the resignation of Lin Junyang, a technical lead for the Qwen series models. The company said in March that it had established the Alibaba Token Hub (ATH) Business Group, bringing together Qwen models developer Tongyi Lab and several other core AI teams under the one umbrella. ATH was built around “a single organising mission” of creating, delivering and applying tokens, said CEO Eddie Wu, who was placed in charge of the new group, in an internal letter. </div>

Alibaba FY2026 Q4: Revenue of 243.38 billion RMB fell short of expectations, yet net profit doubled year-over-year to 25.476 billion RMB; AI-related products saw triple-digit revenue growth, and AI chips achieved large-scale commercial deployment. Does this earnings report represent a turnaround—or a stumble?

<p>Alibaba FY2026 Q4: Revenue of 243.38 billion RMB fell short of expectations, yet net profit doubled year-over-year to 25.476 billion RMB; AI-related products saw triple-digit revenue growth, and AI chips achieved large-scale commercial deployment. Does this earnings report represent a turnaround—or a stumble?</p>

Revenue Misses Expectations: Can Alibaba Turn the Tide with AI?

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<p>Alibaba Group has previewed its new AI models, Qwen3.7-Max-Preview and Qwen3.7-Plus-Preview, which rank 13th and 16th globally in text and vision capabilities, respectively. These models surpass other Chinese AI labs but still lag behind US counterparts like ChatGPT. The company is increasing its AI investments, with AI-related revenue reaching 8.97 billion yuan. Alibaba plans to monetize AI further, expecting it to contribute over 50% of cloud revenue within a year.</p>

- Alibaba Group Holding has introduced preview versions of its upcoming AI models, Qwen3.7-Max-Preview and Qwen3.7-Plus-Preview, which rank among the top in text and vision capabilities globally.  
- These models surpass other Chinese AI offerings but still lag behind leading U.S. products like OpenAI's ChatGPT.  
- The launch comes amid Alibaba's significant investments in AI; the company reported an AI-related revenue of 8.97 billion yuan and anticipates that AI products will constitute over 50% of its cloud computing revenue within the year.

Alibaba teases new Qwen previews, highest-ranking Chinese AI models on Arena