Alibaba (NYSE:BABA) was in focus on Friday as the Chinese tech company’s Qwen unit shared a preview of its newest model, Qwen3-Max-Preview.
Shares rose 3.3% in midday trading.
The model, which was announced on the social network X, has more than 1T parameters, Alibaba said. “Benchmarks show it beats our previous best, Qwen3-235B-A22B-2507,” the company explained in the post. “Internal tests + early user feedback confirm: stronger performance, broader knowledge, better at conversations, agentic tasks & instruction following. “Scaling works — and the official release will surprise you even more. Stay tuned!”
Alibaba also compared the new model to that of competitors, such as DeepSeek (DEEPSEEK), Anthropic, and Kimi K2.
The company did not say when the new model would be publicly available. Alibaba has not yet responded to a request for comment from Seeking Alpha.
