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Alibaba's shares surged 7.2% on strong AI demand and a $53B+ investment boost, fueled by Qwen3-Max launch and renewed foreign interest.
Alibaba shares rose 7.2% to their highest level in four years amid investor enthusiasm following the company’s announcement to exceed its $53 billion AI and cloud infrastructure investment plan, citing strong demand.
CEO Eddie Wu highlighted rapid industry growth as the reason for the expanded commitment.
The surge was fueled by the launch of Qwen3-Max, a large-language model with over 1 trillion parameters and advanced coding and agentic capabilities.
The developments, along with renewed foreign investor interest—notably Ark Invest reopening its position—boosted confidence in China’s AI sector, driving gains across Chinese tech stocks, including semiconductor firms.
Las acciones de Alibaba subieron un 7,2% debido a la fuerte demanda de IA y un aumento de la inversión de más de $ 53B, impulsado por el lanzamiento de Qwen3-Max y el renovado interés extranjero.