• Alibaba Group is trading 3.4% up today at $118.84 following the unveiling of its new Qwen 3.8 Max AI model, touted as the second most advanced globally.
  • Investor optimism is further boosted by regulatory progress for Apple Intelligence in China, hinting at a potential integration of Alibaba's AI.
  • The market appears to be shrugging off a record €550 million EU fine targeting its AliExpress platform over illegal and counterfeit goods, which was also announced today.