--- title: "Understanding the Market | Alibaba-W rises nearly 3% again, releasing Qwen 3.8, an important step in demonstrating the strength of model iteration; the company will benefit from the development of AI cloud business" type: "News" locale: "en" url: "https://longbridge.com/en/news/294145234.md" description: "BABA-W rose nearly 3% again, as of the time of writing, up 2.77%, reported at HKD 115.1, with a turnover of HKD 4.986 billion. On the news front, Haitong International released a research report indicating that Alibaba launched Qwen 3.8-Max-Preview this month, which is a sparse mixture expert AI model with 2.4 trillion parameters. According to user feedback, Qwen 3.8 has significant advantages in model capability, inference efficiency, and deployment costs, with notable improvements in complex reasoning, code generation, long text processing, and AI agent applications. The firm believes that Qwen 3.8 is an important step for Alibaba to demonstrate its strength amid recent iterations of models from various vendors, reducing the forecast for losses in the takeaway business and raising the profit margin forecast for cloud services. Haitong International further stated that due to the overall market retail growth in May falling short of expectations and the performance of the 618 shopping festival being less than ideal, it expects Alibaba's core CMR to show a slowing trend, but believes that market concerns about the slowdown in Alibaba Cloud revenue and profit margin contraction have largely dissipated, with cloud business profit margins benefiting from the higher average profit margins of AI cloud services" datetime: "2026-07-29T03:18:07.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294145234.md) - [en](https://longbridge.com/en/news/294145234.md) - [zh-HK](https://longbridge.com/zh-HK/news/294145234.md) --- # Understanding the Market | Alibaba-W rises nearly 3% again, releasing Qwen 3.8, an important step in demonstrating the strength of model iteration; the company will benefit from the development of AI cloud business According to the Zhitong Finance APP, Alibaba-W (09988) has risen nearly 3% again, as of the time of writing, it is up 2.77%, priced at HKD 115.1, with a transaction volume of HKD 4.986 billion. In terms of news, Haitong International released a research report indicating that Alibaba launched Qwen 3.8-Max-Preview this month, which is a sparse mixed expert AI model with 24 trillion parameters. Based on user feedback, Qwen 3.8 shows significant advantages in model capability, inference efficiency, and deployment costs, with notable improvements in complex reasoning, code generation, long text processing, and AI agent applications. The firm believes that Qwen 3.8 is an important step for Alibaba to demonstrate its strength amid recent iterations of models from various vendors, reducing the forecast for losses in the takeaway business and raising the profit margin forecast for the cloud business. Haitong International further stated that due to the overall market retail growth in May falling short of expectations and the performance of the 618 shopping festival being less than ideal, it expects Alibaba's core CMR to show a slowing trend. However, it believes that market concerns regarding the slowdown in Alibaba Cloud revenue and profit margin contraction have largely dissipated, and the cloud business profit margin will benefit from the higher average profit margin of AI cloud services ### Related Stocks - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [BABX.US](https://longbridge.com/en/quote/BABX.US.md) - [BABU.US](https://longbridge.com/en/quote/BABU.US.md) - [KBAB.US](https://longbridge.com/en/quote/KBAB.US.md) - [BABO.US](https://longbridge.com/en/quote/BABO.US.md) - [BABW.US](https://longbridge.com/en/quote/BABW.US.md) - [BBYY.US](https://longbridge.com/en/quote/BBYY.US.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [89988.HK](https://longbridge.com/en/quote/89988.HK.md) - [HBBD.SG](https://longbridge.com/en/quote/HBBD.SG.md) ## Related News & Research - [How to Play BABA Stock as Alibaba Unveils New Qwen AI Model](https://longbridge.com/en/news/293494011.md) - [Alibaba reportedly tests standalone Qwen Office product](https://longbridge.com/en/news/293707248.md) - [China considers tighter export controls on AI models and chips, FT reports](https://longbridge.com/en/news/293287358.md) - [China says it has expressed its strong dissatisfaction to EU over AliExpress fine](https://longbridge.com/en/news/293431667.md) - [Alibaba adds more agentic AI to B2B sourcing](https://longbridge.com/en/news/293797854.md)