--- title: "Understanding the Market | Alibaba-W rises over 3% as Alibaba Cloud adds support for Qwen3.5-Plus and three other programming models, and launches low-cost subscriptions" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/276556937.md" description: "Alibaba-W rose over 3%, as of the time of writing, up 3.47%, priced at HKD 152.3, with a transaction volume of HKD 2.504 billion. In terms of news, on February 22, according to Alibaba Cloud's official WeChat account, the Alibaba Cloud Coding Plan subscription service has added support for four programming models: Qwen3.5-Plus, Qwen3-Coder-Next, GLM-4.7, and Kimi-K2.5, allowing users to switch freely without adjusting configurations. A first purchase discount has also been launched, with new users able to make 18,000 requests in the first month for only HKD 7.9, and 90,000 requests for HKD 39.9. The service is divided into Lite and Pro tiers, covering coding needs from basic to complex tasks, reducing the cost of high-frequency usage, and compatible with mainstream tools such as Qwen Code and Claude Code. China Merchants Securities International believes that the investment logic for leading internet companies in mainland China in AI has significantly strengthened, aiding in the valuation recovery of the Hong Kong stock technology sector. Upcoming heavyweight models include DeepSeek-V4, Alibaba Qwen 3.5, Doubao 2.0, and Mini Max M2.2, which may become catalysts for the next phase" datetime: "2026-02-23T02:41:05.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/276556937.md) - [en](https://longbridge.com/en/news/276556937.md) - [zh-HK](https://longbridge.com/zh-HK/news/276556937.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/276556937.md) | [English](https://longbridge.com/en/news/276556937.md) # Understanding the Market | Alibaba-W rises over 3% as Alibaba Cloud adds support for Qwen3.5-Plus and three other programming models, and launches low-cost subscriptions According to Zhitong Finance APP, Alibaba-W (09988) has risen over 3%, currently up 3.47% at HKD 152.3, with a transaction volume of HKD 2.504 billion. On the news front, on February 22, according to Alibaba Cloud's official WeChat account, the Alibaba Cloud Coding Plan subscription service has added support for four programming models: Qwen3.5-Plus, Qwen3-Coder-Next, GLM-4.7, and Kimi-K2.5, allowing users to switch freely without adjusting configurations. A first purchase discount has also been launched, with new users able to make 18,000 requests in the first month for only HKD 7.9, and 90,000 requests for HKD 39.9. The service is divided into Lite and Pro tiers, covering coding needs from basic to complex tasks, reducing costs for high-frequency use, and compatible with mainstream tools like Qwen Code and Claude Code. CITIC Securities International believes that the investment logic of leading internet companies in mainland China in the AI sector has significantly strengthened, aiding the valuation recovery of the Hong Kong stock technology sector. Upcoming major models include DeepSeek-V4, Alibaba Qwen 3.5, Doubao 2.0, and Mini Max M2.2, which may become catalysts for the next phase ### 相關股票 - [Alibaba (BABA.US)](https://longbridge.com/zh-HK/quote/BABA.US.md) - [ALI HEALTH (00241.HK)](https://longbridge.com/zh-HK/quote/00241.HK.md) - [BABA-W (09988.HK)](https://longbridge.com/zh-HK/quote/09988.HK.md) - [MINIMAX-W (00100.HK)](https://longbridge.com/zh-HK/quote/00100.HK.md) - [E Fund CSI HK Connect Internet ETF (513040.CN)](https://longbridge.com/zh-HK/quote/513040.CN.md) - [Tianhong CSI Computer Theme ETF (159998.CN)](https://longbridge.com/zh-HK/quote/159998.CN.md) - [BABA 2x Long Daily ETF - GraniteShares (BABX.US)](https://longbridge.com/zh-HK/quote/BABX.US.md) - [Hwabao CSI HK Equities Internet ETF (513770.CN)](https://longbridge.com/zh-HK/quote/513770.CN.md) - [Yinhua MSCI China A ETF (512380.CN)](https://longbridge.com/zh-HK/quote/512380.CN.md) - [KraneShares 2x Long BABA Daily ETF (KBAB.US)](https://longbridge.com/zh-HK/quote/KBAB.US.md) - [YieldMax BABA Option Income Strategy ETF (BABO.US)](https://longbridge.com/zh-HK/quote/BABO.US.md) ## 相關資訊與研究 - [Alibaba: Goal Is To Surpass $100 Bln In Combined Cloud, AI External Revenue Over Next 5 Yrs - Conf Call](https://longbridge.com/zh-HK/news/279792744.md) - [MetaComp secures $44.45m pre-A funding with Alibaba-Spark Venture support](https://longbridge.com/zh-HK/news/279169725.md) - [Alibaba's AI strategy shift comes into focus with big bets on agents](https://longbridge.com/zh-HK/news/279550043.md) - [CICC Keeps Their Buy Rating on Alibaba Group Holding Ltd. (9988)](https://longbridge.com/zh-HK/news/279537309.md) - [Alibaba launches new AI agent platform for enterprises](https://longbridge.com/zh-HK/news/279355804.md)