India, Aug. 3 -- Alibaba's US-listed shares jumped around 4% to 4.5% in pre-market trading after the company launched its newest AI model, Qwen3.8-Max. This strong AI announcement made investors more confident about Alibaba's future growth.

Alibaba also gained about 7% on the Hong Kong stock exchange after the AI announcement. The rise in both the US and Hong Kong markets shows investors reacted positively.

The company called Qwen3.8-Max its "most powerful" AI model ever. Alibaba said it is the strongest model in its Qwen AI family so far. Qwen3.8-Max has 2.4 trillion parameters. Parameters are the internal settings that help an AI model learn, understand information, and generate answers. More parameters generally mean a more capable A...