Alibaba Stock Surges 036% with 1533 Billion Trading Volume Ranking 29th Amid AI Model Qwen 3 Hype

On April 1, 2025, Alibaba (BABA) saw a trading volume of 15.33 billion, ranking 29th in the day's stock market activity. The stock price increased by 0.36%.

Alibaba Group, China's leading tech and e-commerce company, is set to unveil Qwen 3, an enhanced version of its flagship AI model, as early as this month. This move comes amidst intensifying competition from rivals such as OpenAI and DeepSeek. The exact release date for Qwen 3 remains uncertain, with some sources suggesting it may arrive later in April.

This upcoming release has sparked investor interest, contributing to the recent rise in Alibaba's stock price. The company's strategic focus on AI innovation is seen as a key driver for future growth, positioning Alibaba at the forefront of technological advancements in the industry.