---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000830078.md"
description: "$BABA-W(09988.HK)What drove Alibaba’s share price today? 🚀Alibaba is going all‑in on the Agentic Era! It has just unveiled Qwen3.8‑Max, a massive 2.4‑trillion‑parameter model built for complex, long‑running tasks and full multimodal capability. Paired with the new Zhenwu M890 AI chip — which triples the performance of its predecessor.Alibaba is building a fully integrated system purpose‑made for autonomous agents.This strategy is already showing promise: AI‑related revenue is set to become its largest income stream within a year, with model and service ARR projected to hit RMB 30 billion by end‑2026. The stock has jumped more than +6.5% in Hong Kong trading today.Let’s go green dragon 🐉🚀🚀🚀🚀📊 See the full picture in the infographic that dive into what this bold move means for Alibaba Cloud and beyond! ✨"
datetime: "2026-08-03T05:33:46.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000830078.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000830078.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000830078.md)
author: "[Fattycat](https://longbridge.com/en/profiles/19854884.md)"
generator: "portal-rs"
---

# $BABA-W(09988.HK)What drove Alibaba’s share price …


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**