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Alibaba Jumps 7% as Qwen3.8-Max Raises the Stakes in China’s AI Arms Race

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‼️ 🧠 BREAKING: Alibaba jumps 7% after introducing Qwen3.8-Max in China’s intensifying AI race. The new model is built on 2.4 trillion parameters and, according to Alibaba outperforms Moonshot’s recently launched Kimi K3 on several benchmarks. The company plans to release the model’s weights for public download next week, expanding open access to its latest AI technology. Alibaba said Qwen3.8-Max delivers strong performance in autonomous coding and long-horizon task execution. In internal testing, the model independently completed a software engineering project over a 16-day period