Alibaba Group Holding Ltd is trading 5.6% up at $132.38 in pre-market, driven by significant new developments in its AI strategy and a major new partnership.
- The company announced the launch of its new AI model, Qwen3.7-Plus, designed for advanced multimodal interactions that unify visual and language processing.
- Alibaba also announced a multi-year partnership with UEFA to become the official and exclusive AI, Cloud, and E-commerce partner for major European football competitions, including EURO 2028.