The Zhitong Finance App learned that CICC released a research report saying that Alibaba-W (09988.HK) officially released the next-generation flagship model Qwen3.8-Max on August 3, and began public testing of the enterprise-grade agency product Qianwen Office on the same day. In the previous week, there was a marked shift in the pricing logic of overseas hyperscale cloud vendors, leading to an active collective review of the cloud sector due to rising performance in the second quarter.

The Zhitong Finance App learned that CICC released a research report saying that Alibaba-W (09988.HK) officially released the next-generation flagship model Qwen3.8-Max on August 3, and began public testing of the enterprise-grade agency product Qianwen Office on the same day. In the previous week, there was a marked shift in the pricing logic of overseas hyperscale cloud vendors, leading to an active collective review of the cloud sector due to rising performance in the second quarter.