Understanding the Market | Alibaba-W rises over 4% as its subsidiary Tongyi Qianwen launches the strongest model Qwen3-Max-Preview
Alibaba-W rose over 4%, as of the time of writing, up 4.32%, priced at HKD 137.5, with a transaction volume of HKD 8.975 billion. In terms of news, on the evening of September 5th, Alibaba's Tongyi Qianwen launched Qwen3-Max-Preview (Instruct), with a parameter count reaching 1T, making it the largest model to date, achieving significant enhancements in understanding Chinese and English, following complex instructions, and tool invocation, while greatly reducing knowledge hallucinations. Notably, according to IT Home, as reported by Mark Gurman, Apple continues to advance its release plans for Apple Intelligence in China, expected to go live by the end of the year. Reports indicate that Apple is organizing its employees in China to test related features and is continuously working with Alibaba and other partners to promote the implementation of technology
According to Zhitong Finance APP, Alibaba-W (09988) rose over 4%, with a current increase of 4.32%, priced at HKD 137.5, and a transaction volume of HKD 8.975 billion.
In terms of news, on the evening of September 5th, Alibaba's Tongyi Qianwen launched Qwen3-Max-Preview (Instruct), with a parameter count reaching 1T, making it the largest model to date. It has significantly enhanced capabilities in understanding Chinese and English, following complex instructions, and tool invocation, while greatly reducing knowledge hallucinations. Notably, according to IT Home, Mark Gurman reported that Apple continues to advance its Apple Intelligence release plan in China, expected to go live by the end of the year. Reports indicate that Apple is organizing its employees in China to test related features and is continuously working with Alibaba and other partners to promote the implementation of technology
