U.S. stocks move | Alibaba (BABA.US) rises over 4% after the release of Qianwen 3.8-MAX

According to Zhitung Finance APP, on Monday, Alibaba (BABA.US) rose more than 4%, closing at $127.84. In news, Alibaba's Qwen team officially released Qwen 3.8-Max on August 3, with a total parameter count of 2.4 trillion and 95 billion active parameters, making it the largest and most capable model in the Qwen family to date. This is also the first time Qwen has made a Max-level model open sourcethe weights will be released next week on the open-source platforms Hugging Face and ModelScope.