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Benzinga
Benzinga
Business
Kaustubh Bagalkote

Alibaba Hong Kong Shares Rise As 1-Trillion-Parameter Qwen-3-Max AI Model Debuts—To Challenge OpenAI, Google

Alibaba Group Holding Limited

Alibaba Group Holding Limited (NYSE:BABA) (OTC:BABAF) shares climbed 2.4% to HK$140.60 ($18.05) on the Hong Kong Exchange on Tuesday, building momentum after the Chinese tech giant unveiled its most advanced artificial intelligence model to compete with OpenAI and Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG).

Qwen-3-Max AI Model Breakthrough

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