HANGZHOU, Aug. 3, 2026 - Alibaba's Qwen team officially released the flagship large language model Qwen3.8-Max, sending Alibaba's US stocks soaring more than 5% to $127.36. The Hong Kong-listed shares surged over 7% to HK$125.2, with trading volume reaching HK$23.9 billion.
Qwen3.8-Max adopts a sparse MoE architecture with 2.4 trillion total parameters and approximately 95 billion activated parameters per query (about 4%), optimized for inference efficiency. The model features a 1 million token context window and native vision capabilities, marking the first time a Max-tier flagship model is open-sourced.
The model demonstrates leading capabilities in coding and professional collaboration (Cowork). In the Artificial Analysis comprehensive rankings, Qwen3.8-Max ranks first in domestic AI models. The Qwen Office enterprise-grade agent product entered public beta on the same day.
On August 7, 2026, Alibaba's Tongyi Qianwen mobile and PC apps simultaneously launched multiple new features including Thinking Research, Scheduled Tasks, Office Assistant, Agent Plaza, and Voice Calls, all powered by Qwen3.8-Max and free for all users.
Source: Alibaba Group, IT Home, Juejin
