Alibaba's Trading Volume Drops 22.88% to 9.82 Billion, Stock Price Rises 0.43%

On April 29, 2025, Alibaba's trading volume reached 9.82 billion, marking a 22.88% decrease from the previous day. Despite this, Alibaba's stock price rose by 0.43%.

Alibaba Group, a leading Chinese technology company, has launched Qwen 3, an advanced AI model designed to enhance its position in China's competitive AI industry. This new model introduces hybrid reasoning capabilities, aiming to provide superior adaptability and performance for developers. Qwen 3 builds on the success of its predecessor, Qwen 2.5-Max, and is available for download on platforms such as Hugging Face, GitHub, and ModelScope. The model supports 119 languages and ranges from 0.6 to 235 billion parameters, positioning Alibaba to compete with other top AI models in the market.

Analysts have expressed optimism about Alibaba's future, with an average one-year price target of $160.38, suggesting a potential upside of 35.49% from the current trading price. This bullish sentiment is supported by consensus recommendations from brokerage firms, which score Alibaba at an average of 1.7, indicating an "Outperform" status. However, GuruFocus offers a more cautious view, estimating a potential downside of 8.5% based on historical trading multiples and future performance projections.