Alibaba Shares Soar as New AI Model QwQ-32B Challenges DeepSeek R1
20 Sources
[1]
Alibaba rallies on new open-source AI model to rival DeepSeek By Investing.com
Investing.com-- Alibaba's Hong Kong shares rose sharply on Thursday, leading a rally in their Chinese peers after the e-commerce giant released a new open source artificial intelligence model that rivaled DeepSeek. Alibaba (NYSE:BABA)(HK:9988) surged 7.3% to HK$139.60 and was in sight of highs
[2]
Alibaba Soars 7% On AI Push As China Pledges To 'Vigorously Boost' Spending -- Hang Seng Reaches 2-Year High - Alibaba Gr Hldgs (NYSE:BABA), Alibaba Gr Hldgs (OTC:BABAF)
Hong Kong stocks surged Thursday morning, with the Hang Seng Index climbing 2.5% to 24,183.07, reaching its highest level since January 2022 and extending its year-to-date gains to 23.37%. What Happened: Chinese tech giants led the rally on Hong Kong Exchange, with Alibaba Group Holding Ltd BABA
[3]
Alibaba shares surge after launch of new AI model to rival DeepSeek's R1
Alibaba's Hong Kong-listed stock surged 8.39 percent to a 52-week high following the announcement of its AI reasoning model -- QwQ-32B. The company stated that the model competes with DeepSeek's R1. The new model has greater efficiency, further cementing Alibaba's AI-fueled growth strategy. Experts
[4]
Alibaba Shares Jump 7% After Unveiling Latest DeepSeek Contender
Alibaba Group Holding Ltd.'s stock surged the most in weeks after taking the wraps off a model that it claims performs as well as DeepSeek with just a fraction of the data required. China's e-commerce leader, which in 2025 jumped to the forefront of the domestic AI sector with highly benchmarked
[5]
Alibaba shares surge after launch of new DeepSeek competitor
BEIJING (AFP) - Alibaba shares surged more than seven per cent in Hong Kong trade on Thursday after the Chinese tech giant launched an artificial intelligence model it says can compete with DeepSeek, this year's surprise tech star. Investors have been riding high on China's AI capabilities since
[6]
Alibaba shares surge after it unveils reasoning model
BEIJING (Reuters) - The Hong Kong-listed shares of Alibaba Group surged more than 8% on Thursday following the release of a new reasoning model that the company said was on par with global hit DeepSeek's R1. Qwen, the e-commerce leader's artificial intelligence unit, said on X that its QwQ-32B,
[7]
Alibaba Expands AI Push With New QwQ-32B Model Taking on DeepSeek In China's AI Race - Alibaba Gr Hldgs (NYSE:BABA)
On Thursday, Chinese e-commerce juggernaut Alibaba Group Holding BABA launched a new reasoning model comparable to that of its affordable rival DeepSeek's R1, Reuters reports. Alibaba Qwen artificial intelligence unit tweeted that its QwQ-32B, with 32 billion parameters, can achieve performance
[8]
What's Going On With Alibaba Stock Thursday? - Alibaba Gr Hldgs (NYSE:BABA)
Alibaba Group Holding Ltd BABA shares are trading higher Thursday after Alibaba Cloud introduced a new compact reasoning AI model. What Happened: In a new blog post on Thursday, Alibaba Cloud announced QwQ-32B, a compact reasoning model with 32 billion parameters that delivers performance
[9]
Alibaba shares surge after it unveils reasoning model
BEIJING, March 6 (Reuters) - The Hong Kong-listed shares of Alibaba Group (9988.HK), opens new tab surged more than 8% on Thursday following the release of a new reasoning model that the company said was on par with global hit DeepSeek's R1. Qwen, the e-commerce leader's artificial intelligence
[10]
Alibaba Unveils AI Model To Rival DeepSeek
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Spotify. Chinese companies are continuing to make big strides in artificial intelligence, as Alibaba (BABA) unveiled its latest reasoning model with fewer parameters than existing
[11]
China needs to boost its tech sector more than ever. How to play it
Chinese tech companies raced to launch new products in a week that saw Beijing double down on its calls to support artificial intelligence. An obscure Chinese startup that goes by the name Monica on Wednesday announced an invite-only AI application called Manus that claims to streamline analysis of
[12]
Alibaba Chair Says AI Total Addressable Market Is $10 Trillion, Expects Benefits Via Its Cloud Business - Alibaba Gr Hldgs (NYSE:BABA)
On Wednesday, Alibaba Group Holding BABA Chairman Joe Tsai voiced the possibility of artificial intelligence eliminating the need for equity research analysts while charting a Nvidia Corp NVDA or Apple Inc AAPL report at CNBC's CONVERGE LIVE event in Singapore. Tsai told CNBC that AI could enhance
[13]
Jack Ma, Xi Jinping, And The $53B AI Bet -- Alibaba's Comeback Signals A New Era For Chinese Big Tech - Alibaba Gr Hldgs (NYSE:BABA), Microsoft (NASDAQ:MSFT)
Alibaba Group Holding BABA is making waves in the AI space with its new artificial intelligence model, QwQ-32B. Developed by its AI unit, Qwen, this model has 32 billion parameters and claims performance comparable to DeepSeek's R1 model which has 671 billion parameters. This is in line with
[14]
Alibaba shares soar after Chinese tech giant unveils new DeepSeek rival
The Alibaba office building is seen in Nanjing, Jiangsu province, China, on Aug 28, 2024. Alibaba shares surged on Wednesday after the Chinese behemoth revealed a new reasoning model it claims can rival DeepSeek's global blockbuster R1. Hong Kong-listed shares of Alibaba ended the Thursday
[15]
Alibaba's 8% Surge on Renewed Optimism in China's Tech Sector
Alibaba's share price climbed 8% on Thursday as the company's latest AI release coincided with mounting optimism in the Chinese tech sector. Credit: Pexels. The release of Alibaba's latest Qwen AI model drove the company's share price to jump 8% on Thursday, March 6. The 32 billion parameter
[16]
Alibaba's New Model Adds Fuel to China's AI Race
On March 5, Chinese tech giant Alibaba released its latest AI reasoning model, QwQ-32B, resulting in an 8% spike in the company's Hong Kong-listed shares. While less capable than America's leading AI systems, such as OpenAI's o3 or Anthropic's Claude 3.7 Sonnet, the model reportedly performs about
[17]
Alibaba shares jump on new open-source QwQ-32B reasoning model - SiliconANGLE
Shares of Alibaba Group Holding Ltd. are up more than 8% today following the company's release of a reasoning model with performance comparable to DeepSeek-R1. The new model, QwQ-32B, was open-sourced on Wednesday. R1 comprises multiple neural networks that together have 671 billion parameters.
[18]
Alibaba's Latest AI Model Beats OpenAI's o1-mini, On Par With DeepSeek R1 - Decrypt
Alibaba Cloud has unveiled a new reasoning-focused AI model that manages to match the performance of much larger competitors despite being a fraction of their size. The cloud computing division of the Chinese tech giant's latest offering challenges the notion that bigger is always better in the AI
[19]
Alibaba shares soar 74% in 2025 amid the latest AI bet, DeepSeek rivalry. China stocks turning a corner?
Alibaba Group's Hong Kong-listed shares have soared 74% in 2025, driven by a combination of strong earnings, renewed government support, and a surging artificial intelligence (AI) race led by China's own DeepSeek. The latest boost came on Thursday, when Alibaba's stock jumped 8.4% after unveiling
[20]
How DeepSeek shook America's tech giants in weeks -- what others couldn't do in decades
Chinese technology giants are outpacing their US rivals, driven by the rapid advancements of DeepSeek, which has bolstered confidence in China's AI capabilities. DeepSeek's breakthroughs have accelerated investment in China's top technology firms, helping them gain an edge over American tech
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Alibaba's stock surges following the launch of its new AI model QwQ-32B, which claims to rival DeepSeek R1's performance with greater efficiency. The news sparks renewed interest in China's AI capabilities and boosts investor confidence in the tech sector.
Alibaba Unveils QwQ-32B: A New Challenger in the AI Arena
Alibaba Group Holding Ltd. has made a significant move in the artificial intelligence (AI) sector with the launch of its new AI model, QwQ-32B. The announcement has sent Alibaba's stock soaring, with shares jumping by 7.3% in Hong Kong trading, reaching a 52-week high
1
3
. This development has not only boosted Alibaba's market position but has also reignited interest in China's AI capabilities.QwQ-32B: Efficiency Meets Performance
QwQ-32B, short for Quan-with-Questions, is Alibaba's latest open-source AI reasoning model. The company claims that QwQ-32B can rival the performance of DeepSeek R1, a breakthrough model that has recently reshaped the AI landscape
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. What sets QwQ-32B apart is its efficiency; it operates with only 32 billion parameters, compared to DeepSeek R1's 671 billion3
. This significant reduction in parameters translates to lower resource requirements and potentially higher cost-effectiveness2
.Impact on Alibaba's Business Strategy
The launch of QwQ-32B aligns with Alibaba's AI-fueled growth strategy. The company recently announced plans to invest over $50 billion in AI and cloud computing over the next three years
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. Alibaba's Cloud Intelligence Group has already contributed significantly to the firm's profit rise in the December quarter, with CEO Eddie Wu predicting continued accelerated growth in AI-led cloud computing revenue3
.Market Reaction and Investor Sentiment
The unveiling of QwQ-32B has sparked a rally in Chinese tech stocks, particularly in Hong Kong. The Hang Seng Index climbed 2.5% to its highest level since January 2022
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. Other major Chinese tech firms, including Tencent, Baidu, and JD.com, also saw substantial gains2
. This surge reflects growing investor optimism around China's AI initiatives and their potential to drive future earnings3
.China's AI Landscape and Government Support
The launch of QwQ-32B comes at a time when China is intensifying efforts to revitalize its economy. During the annual parliamentary meeting, Premier Li Qiang announced increased fiscal stimulus and pledged to "vigorously boost" consumption
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. The government has also promised enhanced support for the tech sector, recognizing AI as a key driver of economic growth5
.Related Stories
Competition in the AI Sector
QwQ-32B's introduction marks an escalation in the AI race, both domestically and internationally. Within China, companies like Tencent have also entered the fray with models such as Yuanbao
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. Globally, the competition to build faster and more efficient AI models continues to intensify, with Chinese firms pushing aggressively to establish their AI capabilities3
.Future Implications
As AI moves from the training phase to real-time usage (inference), models like QwQ-32B are expected to play a crucial role in scaling up AI adoption. Experts anticipate that AI breakthroughs will further accelerate companies' stock and earnings trajectories
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. However, as AI models become increasingly commoditized, efficiency and cost savings will likely become key differentiators in the market3
.References
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