Alibaba (BABA) reported Q3 2026 earnings, highlighting the recent launch of its Qwen 3.5 AI model and sustained triple-digit growth in AI-related products. Despite aggressive infrastructure spending, the company continues to focus on long-term technological leadership in the cloud and AI sectors.
- The new Qwen 3.5 flagship model features multimodal capabilities designed to compete with global rivals.
- AI-related revenue maintains triple-digit growth momentum, though heavy infrastructure investment is impacting near-term margins.
- BABA shares remained nearly flat following the announcement, closing at $155.68 (-0.04%).