🟢 Alibaba Group is trading 4.5% up today after unveiling its new Qwen3.8-Max AI model

Alibaba Group is trading 4.5% up at $127.69 in pre-market sessions following the launch of its new Qwen3.8-Max multimodal AI model.

• The announcement significantly boosted investor optimism, driving the company's Hong Kong-listed shares up approximately 6% during Asian trading hours.
• Gains are supported by a broader risk-on sentiment in the market, with major U.S. equity futures trading higher and lifting large-cap technology stocks.