NYSE:BABAMultiline Retail
Alibaba Group Holding (NYSE:BABA) Debuts Qwen3 AI as Open Source Model Challenger
Alibaba Group Holding (NYSE:BABA) launched its Qwen3 AI models, a significant product innovation amid a broader market environment marked by downturns following GDP contraction. Despite the S&P 500 and Nasdaq experiencing declines of 0.9% and 1.3%, respectively, Alibaba's shares rose 23% over the last quarter, possibly buoyed by the company's advancements in AI and a substantial share buyback initiative. These company-specific moves likely provided a positive counterbalance to broader market...