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Alibaba (9988 HK) launches lower‑cost Qwen3.8 Flash AI model for global adoption, offering competitive performance and reduced training and inference costs

StockNow breaking-news AI analysis

Alibaba released the cost-efficient Qwen3.8-Flash-Next model and raised HKD 80 billion via a share placement to fund AI infrastructure and support global expansion.

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Committed over CNY 380bln to AI over three years and raised HKD 80bln as it seeks to expand Qwen globally.

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