---
title: "Understanding the Market | Alibaba-W fell over 4%, with a cumulative drop of over 20% in stock price in the past month. Qianwen's head Lin Junyang announced his resignation"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/277716818.md"
description: "Alibaba-W's stock price fell over 4%, hitting a new low since September of last year, with a cumulative decline of over 20% in the past month. At the same time, Lin Junyang, the technical head of the Qwen team, announced his resignation, which may be related to team organizational adjustments. Alibaba Qianwen has just released the Qwen 3.5 small model series and has undergone brand integration"
datetime: "2026-03-04T03:19:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277716818.md)
  - [en](https://longbridge.com/en/news/277716818.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277716818.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/277716818.md) | [繁體中文](https://longbridge.com/zh-HK/news/277716818.md)


# Understanding the Market | Alibaba-W fell over 4%, with a cumulative drop of over 20% in stock price in the past month. Qianwen's head Lin Junyang announced his resignation

According to Zhitong Finance APP, Alibaba-W (09988) fell over 4%, reaching a low of HKD 128.5, a new low since September last year, with a cumulative decline of over 20% in the past month. As of the time of writing, it is down 4.6%, priced at HKD 128.6, with a transaction volume of HKD 9.415 billion.

In terms of news, according to LatePost, on the early morning of March 4, Lin Junyang, the technical leader of the Alibaba Qwen team, suddenly posted on social media: "me stepping down. bye my beloved qwen." It was later confirmed that Lin Junyang had formally submitted his resignation to Alibaba on the afternoon of March 3. The report indicates that Lin Junyang's decision to leave is likely related to the organizational adjustments the Qwen team is currently undergoing. Additionally, on the same day, Yu Bowen, the head of post-training for Qwen, also officially resigned.

It is noteworthy that before Lin Junyang stepped down, Alibaba Qianwen had just released the Qwen 3.5 small model series and conducted brand integration. On the evening of March 2, Alibaba Qianwen officially open-sourced four models in the Qwen 3.5 small model series, namely Qwen 3.5-0.8B/2B/4B/9B. Alibaba Qianwen stated that this series of models inherits the genes of the Qwen 3.5 family, utilizing native multimodal training and the latest model architecture to meet different needs ranging from extremely resource-constrained to high-performance lightweight applications

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