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BABA-W Spikes 5% Once after Unveiling New Ver. AI Model which Excels DeepSeek Allegedly
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BABA-W (09988.HK)(BABA.US) opened 4.8% higher at $92.55 today (3rd), before peaking at $92.7 in the early session, up almost 5%. It last posted at $90.7, up 2.7%, with 30.8059 million shares traded, involving $2.828 billion.

BABA-W recently released a new version of its Qwen 2.5 AI model, claiming that Qwen 2.5-Max outperforms OpenAI's GPT-4o, DeepSeek-V3, and Meta (META.US)'s Llama-3.1-405B in almost every way.

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On top of that, Alibaba Cloud released a price adjustment notice for its Bailian qwen-max series of models. qwen-max, qwen-max-2025-01-25, and qwen-max-latest model input and output prices were adjusted, and the price of qwen-max batch and cache was reduced concurrently.
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