Understanding the Market | Alibaba-W rises over 3% again, rumored that Alibaba will hold a major business conference, Tongyi Qianwen recently released the Qwen3 Max model
Alibaba-W rose over 3% again, with a cumulative increase of over 20% this month. As of the time of writing, it rose 2.4% to HKD 140.6, with a transaction volume of HKD 18.12 billion. According to media reports, Alibaba will hold a press conference in Hangzhou on September 10, during which there will be a "major business release," and a large number of media have received invitations to attend in Hangzhou. Reports quote staff members as saying that the specific project is currently unknown, only that it is related to Amap. There are also reports that Alibaba will officially announce the launch of a new group buying product and evaluation system in the next couple of days. Notably, Alibaba's Tongyi Qianwen announced the launch of the Qwen3-Max-Preview model. According to the official website description, this model is the most powerful language model in the Tongyi Qianwen series. Changjiang Securities stated that performance continues to improve, and domestic large model enterprises have entered the global first tier in the basic model field; commercialization is advancing simultaneously, and AI is expected to continue to drive the development of Alibaba Cloud business
According to Zhitong Finance APP, Alibaba-W (09988) has risen over 3% again, with a cumulative increase of over 20% this month. As of the time of writing, it is up 2.4%, priced at HKD 140.6, with a transaction volume of HKD 18.12 billion.
In terms of news, according to media reports, Alibaba will hold a press conference in Hangzhou on September 10, during which there will be a "major business release." A large number of media outlets have received invitations to attend in Hangzhou. Reports quote staff members as saying that the specific project is currently unknown, only that it is related to Gaode. There are also reports that Alibaba will officially announce the launch of a new group buying product and evaluation system in the next couple of days.
It is worth noting that Alibaba's Tongyi Qianwen has announced the launch of the Qwen3-Max-Preview model. According to the official website description, this model is the most powerful language model in the Tongyi Qianwen series. Changjiang Securities stated that performance continues to improve, and domestic large model enterprises have entered the global first tier in the field of foundational models; commercialization is advancing simultaneously, and AI is expected to continue to drive the development of Alibaba Cloud's business
