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BABA experienced its biggest stock surge in weeks after introducing the QwQ-32B model, an AI system that rivals DeepSeek but requires only a fraction of the data. Alibaba – the Chinese E-Commerce behemoth – open-sourced the model on Thursday. Shares of Alibaba rose 8.6% on Mar. 5, 2025 and added 0.6% after hours, on the very news.This boost contributed to a nearly 5% rise in the broader Chinese tech index. The company has added approximately $135 billion in market value this year, driven by its AI advancements and signs of increasing government support.The news put focus on BABA-heavy exchange-traded funds  like Invesco Golden Dragon China ETF PGJ , MicroSectors FANG+ ETN FNGS , CoreValues Alpha Greater China Growth ETF CGRO  and Nightview Fund NITE .Invesco Golden Dragon China ETF : ETF Research Reports","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"yahoofinance_sg","url":"https://finance.yahoo.com/news/alibabas-stock-surges-ai-breakthrough-130000737.html","rn_cache_url":null,"customStyle":"","selectors":"article, body","filters":"","directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/alibabas-stock-surges-ai-breakthrough-130000737.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"2","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance_sg","symbols":["BK4505","LU0651946864.USD","BK4531","IE00BFMHRM44.USD","LU2226246903.HKD","BK4579","LU1823568750.SGD","BABA","BK4538","LU0072913022.USD","FNGS","LU1242518931.SGD","LU1688375341.USD","BK4558","FDN","LU1880383366.USD","BK4535","HBBD.SI","BK4534","LU0918141705.HKD","BK4504","LU1046422090.SGD","LU1105468828.SGD","LU1515016050.SGD","LU1048596156.SGD","LU1046421795.USD","LU0348814723.USD","LU0310800965.SGD","LU1267930227.SGD","LU1051768304.USD","BK4503","BK4527","BK6130","BK4526","09988","LU0501845795.SGD","BK4581","BK4122","LU0251143458.SGD","LU0880133367.SGD","BK4548","BK4585","LU1152091754.HKD","LU1242518857.USD","PGJ","LU0067412154.USD","IE00B0JY6N72.USD","BK4588","BK4220","BK4502"],"gpt_icon":1},{"id":"1140522123","title":"Pre-Bell｜U.S. Futures Slide; Tesla Drops 2%; Nvidia SInks 3%; Marvell Plunges 17%; JD.com Jumps 7%","url":"https://stock-news.laohu8.com/highlight/detail?id=1140522123","media":"Tiger Newspress","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1140522123?lang=en_us&edition=fundamental","pubTime":"2025-03-06 20:55","pubTimestamp":1741265700,"startTime":"0","endTime":"0","summary":"U.S. stock index futures fell on Thursday as uncertainty about an ongoing global trade war clouded sentiment, while chip stocks took a beating after Marvell Technology's broadly in-line forecast fanne","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"e5c43d65b893d390fb338910195c4df7","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":true,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":[".SPX","TREE","BURL",".IXIC","TSLA","VEEV","RGTI","ESmain","GRND","GM","VSCO","MRVL","AVGO","ZS","STLA","M","F","BILI","NVDA","SE","NQmain","JD","YINN","MDB","YMmain","BABA",".DJI","PDD","XPEV"],"gpt_icon":1},{"id":"2517495154","title":"Alibaba up 2% in pre-market after launch of AI model on par with DeepSeek’s R1","url":"https://stock-news.laohu8.com/highlight/detail?id=2517495154","media":"TIPRANKS","labels":["productRelease"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517495154?lang=en_us&edition=fundamental","pubTime":"2025-03-06 20:51","pubTimestamp":1741265464,"startTime":"0","endTime":"0","summary":"Shares of Alibaba (BABA) are up 2% in pre-market around $144, following yesterday’s 9% gain in the stock price. Reuters reports that the company’s ...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/alibaba-up-2-in-pre-market-after-launch-of-ai-model-on-par-with-deepseeks-r1?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/alibaba-up-2-in-pre-market-after-launch-of-ai-model-on-par-with-deepseeks-r1?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"productRelease","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BABA"],"gpt_icon":0},{"id":"2517596271","title":"This Week In E-Commerce - iHerb's Global Expansion Drives $2.4B Sales Milestone","url":"https://stock-news.laohu8.com/highlight/detail?id=2517596271","media":"Simply Wall St.","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517596271?lang=en_us&edition=fundamental","pubTime":"2025-03-06 20:07","pubTimestamp":1741262859,"startTime":"0","endTime":"0","summary":"In 2024, the e-commerce industry witnessed significant developments, highlighted by iHerb's remarkable achievement of surpassing $2.4 billion in net sales. As an online retailer for health and wellness products, iHerb fulfilled 37 million orders across 180 countries, demonstrating strong customer demand and market presence. The company's strategic initiatives, including an expanded product portfolio and enhanced global reach through investments in culturally diverse products and multiple digital marketplaces, contributed to this growth. Additionally, operational improvements such as reduced shipping times and costs have bolstered iHerb's service capabilities, enabling it to offer free shipping in numerous regions.In other market news, Synagistics was a notable mover up 30.5% and ending the day at HK$30.60. Five days ago, the company announced an exclusive joint venture to launch Geene, an advanced AI platform integrating multiple AI models to enhance enterprise intelligence. Meanwhile,","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"yahoofinance_sg","url":"https://finance.yahoo.com/news/week-e-commerce-iherbs-global-120739857.html","rn_cache_url":null,"customStyle":"","selectors":"article, body","filters":"","directOrigin":true},"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/week-e-commerce-iherbs-global-120739857.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance_sg","symbols":["HBBD.SI","AMZN","ADBE","BABA"],"gpt_icon":0},{"id":"2517415539","title":"Social Buzz: Wallstreetbets Stocks Mostly Lower Premarket Thursday; Alibaba Group to Advance, AST SpaceMobile to Decline","url":"https://stock-news.laohu8.com/highlight/detail?id=2517415539","media":"MT Newswires 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Group Launches AI Reasoning Model QwQ-32B","url":"https://stock-news.laohu8.com/highlight/detail?id=2517130006","media":"MT Newswires Live","labels":["productRelease"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517130006?lang=en_us&edition=fundamental","pubTime":"2025-03-06 18:57","pubTimestamp":1741258671,"startTime":"0","endTime":"0","summary":"Alibaba Group  said Thursday on X that it has launched QwQ-32B, an artificial intelligence reasoning model developed by its AI unit Qwen.Qwen said QwQ-32B, which features 32 billion parameters, delivers performance comparable to DeepSeek's R1 model, with 671 billion parameters.QwQ-32B is accessible via Alibaba's Qwen Chat.Alibaba Group's shares were up nearly 3% in premarket 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to Watch Thursday: Alibaba, Marvell, Volkswagen, Kroger -- WSJ","url":"https://stock-news.laohu8.com/highlight/detail?id=2517158738","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517158738?lang=en_us&edition=fundamental","pubTime":"2025-03-06 18:33","pubTimestamp":1741257180,"startTime":"0","endTime":"0","summary":"Alibaba , : The Chinese e-commerce company unveiled its latest artificial-intelligence model as it takes aim at DeepSeek. Alibaba's shares jumped in Hong Kong, as did its American depositary receipts in premarket trading.Volkswagen : European auto stocks rallied, a day after the Trump administration said car manufacturers would get a one-month reprieve from tariffs on Mexico and Canada. Volkswagen shares rose 3% in Frankfurt, while Stellantis ,  gained 1.4% in Milan.Kroger  and Macy's  are scheduled to publish financial results before the U.S. market open. Costco , Broadcom  and Hewlett Packard Enterprise  are due to report after the close.Zscaler : The cybersecurity firm's earnings and revenue topped estimates, boosting its stock by about 5% premarket.Marvell Technology : Shares in the semiconductor company dived 15% off-hours, despite its revenue and earnings coming in above forecasts. Marvell flagged a slowdown in part of its data-center business.Veeva Systems : Shares in the cloud-","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU0661504455.SGD","LU1003077747.HKD","LU2290526834.HKD","LU2272731600.USD","LU2360106947.USD","LU1035775433.USD","IE00BKVL7J92.USD","IE00B19Z9P08.USD","LU1069344957.HKD","BK4099","LU2244417387.USD","LU0251143458.SGD","LU0198837287.USD","STLA","MDB","IE00BMPRXR70.SGD","BABA","LU1152091168.USD","IE00BK4W5M84.HKD","HPE","LU0683600562.USD","LU1037948897.HKD","LU2054465674.USD","LU2360107168.USD","LU2361044949.HKD","VWAPY","LU2347655156.SGD","MRVL","LU0157215616.USD","IE00BBT3K403.USD","LU0861579265.USD","ZS","LU2237443622.USD","LU2275660780.HKD","ON","LU1989764748.USD","LU1935043536.SGD","09988","ALGM","VEEV","KR","LU1935042991.SGD","LU0128525689.USD","LU0079474960.USD","LU0058720904.USD","LU1868836591.USD","SG9999003800.SGD"],"gpt_icon":1},{"id":"2517137641","title":"Alibaba Stock Jumps on New AI Model Launch, Challenging DeepSeek’s R1","url":"https://stock-news.laohu8.com/highlight/detail?id=2517137641","media":"TIPRANKS","labels":["productRelease"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517137641?lang=en_us&edition=fundamental","pubTime":"2025-03-06 18:09","pubTimestamp":1741255789,"startTime":"0","endTime":"0","summary":"Chinese tech giant Alibaba’s ($BABA) Hong-Kong listed shares ($HK:9988) jumped over 8% today, after the company launched its new open-source AI (ar...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/alibaba-stock-jumps-on-new-ai-model-launch-that-challenges-deepseeks-r1?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/alibaba-stock-jumps-on-new-ai-model-launch-that-challenges-deepseeks-r1?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"productRelease","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BABA"],"gpt_icon":0},{"id":"2517134640","title":"'Better than DeepSeek and OpenAI': Alibaba touts open-source AI model that beats rivals","url":"https://stock-news.laohu8.com/highlight/detail?id=2517134640","media":"South China Morning Post","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517134640?lang=en_us&edition=fundamental","pubTime":"2025-03-06 17:30","pubTimestamp":1741253400,"startTime":"0","endTime":"0","summary":"Alibaba Group Holding on Thursday unveiled an open-source artificial intelligence  reasoning model that it said surpassed the performance of DeepSeek's R1, highlighting the Chinese technology giant's robust AI capabilities across models and data-centre infrastructure.Following the launch of its QwQ-32B model, Alibaba's Hong Kong-listed shares surged 7.2 per cent to HK$139.30 in Thursday morning trading. Alibaba owns the South China Morning Post.Despite its relatively modest 32 billion parameters, Alibaba's new model matched or outperformed DeepSeek's R1, which boasts 671 billion parameters, in areas such as mathematics, coding and general problem-solving, according to a blog post by the team responsible for Alibaba's Qwen family of AI models.The release of Alibaba's latest reasoning model - a type of AI system designed to think, reflect and self-critique to solve complex problems - comes less than two months after DeepSeek's R1 shook the global tech industry and stock markets in Januar","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"yahoofinance_sg","url":"https://finance.yahoo.com/news/better-deepseek-openai-alibaba-touts-093000551.html","rn_cache_url":null,"customStyle":"","selectors":"article, body","filters":"","directOrigin":true},"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/better-deepseek-openai-alibaba-touts-093000551.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance_sg","symbols":["BABA","HBBD.SI"],"gpt_icon":1},{"id":"2517355511","title":"Market Chatter: Alibaba Launches AI Reasoning Model; Claims Edge Over Deepseek, OpenAI","url":"https://stock-news.laohu8.com/highlight/detail?id=2517355511","media":"MT Newswires Live","labels":["productRelease"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517355511?lang=en_us&edition=fundamental","pubTime":"2025-03-06 16:47","pubTimestamp":1741250828,"startTime":"0","endTime":"0","summary":"Alibaba Group's (HKG:9988) shares surged 8% after it introduced QwQ-32B, an open-source AI reasoning model it claims performs better than DeepSeek's R1 on Thursday, the SCMP reported the same day.The ","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"productRelease","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BABA","09988"],"gpt_icon":1},{"id":"1189923844","title":"China Officials Say Nation Has \"Ample\" Policy Tools as Tariffs Weigh","url":"https://stock-news.laohu8.com/highlight/detail?id=1189923844","media":"Bloomberg","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1189923844?lang=en_us&edition=fundamental","pubTime":"2025-03-06 16:01","pubTimestamp":1741248075,"startTime":"0","endTime":"0","summary":"PBOC will choose timing this year to reduce rates, RRRNDRC chief confident of achieving around 5% growth goalFinance ministry has ‘ample’ policy tools, space for uncertaintySays China to unveil specia","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.bloomberg.com/news/live-blog/2025-03-06/china-npc-briefing-on-economy?srnd=homepage-asia","is_publish_highlight":true,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"lsy1584095487587","symbols":["XPEV","BABA","BEKE","BILI","NTES","YY","TCOM","IQ","RLX","GOTU","VIPS","LI","NIO","TME","PDD","WB","JD","BIDU","EDU"],"gpt_icon":1},{"id":"1170484044","title":"Alibaba Leads Competitors Playing Catchup With China's DeepSeek","url":"https://stock-news.laohu8.com/highlight/detail?id=1170484044","media":"Bloomberg","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1170484044?lang=en_us&edition=fundamental","pubTime":"2025-03-06 14:27","pubTimestamp":1741242479,"startTime":"0","endTime":"0","summary":"The next DeepSeek to disrupt the global artificial intelligence industry could also come from China.The country of 1.4 billion has seeded several promising AI startups and projects, while its leading ","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.bloomberg.com/news/articles/2025-03-06/8-chinese-ai-companies-models-to-watch-out-for-that-s-not-deepseek","is_publish_highlight":true,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"lsy1584095487587","symbols":["09988","BABA"],"gpt_icon":1},{"id":"1153047950","title":"Option Movers｜Alibaba Sees 68% Call Options; Marvell's Volume Soars 110%","url":"https://stock-news.laohu8.com/highlight/detail?id=1153047950","media":"Option Movers","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1153047950?lang=en_us&edition=fundamental","pubTime":"2025-03-06 13:10","pubTimestamp":1741237803,"startTime":"0","endTime":"0","summary":"Wall Street's main indexes finished higher in choppy trading on Wednesday(Mar 5), as investors cheered the likely easing of trade tensions between the U.S. and major trading partners.Regarding the opt","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":true,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["TSLA","MRVL","BABA"],"gpt_icon":1},{"id":"2517042869","title":"Hong Kong Shares Rise on Positive Sentiment -- Market Talk","url":"https://stock-news.laohu8.com/highlight/detail?id=2517042869","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517042869?lang=en_us&edition=fundamental","pubTime":"2025-03-06 12:41","pubTimestamp":1741236060,"startTime":"0","endTime":"0","summary":"0441 GMT - Hong Kong shares rise to multi-year highs, with the Hang Seng Index up 2.6% at 24216.93 around midday. The Hang Seng Tech Index is up 4.7% at 6029.91. Sentiment is driven by China's GDP growth target of around 5% for 2025, matching that of 2024 despite U.S. trade tensions. Markets are also supported by the government's pledges to boost domestic consumption, innovation and the tech industry, the Saxo APAC Research team writes in a note. Tech stocks lead the gains, with Kuaishou Technology up 14%, Alibaba Group rising 7.2% and Tencent gaining 5.8%. 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NYC’s Finances Are Sinking With Gauge Falling to 11-Year Low. China’s e-commerce leader, which in 2025 jumped to the forefront of the domestic AI sector with highly benchmarked models, on Thursday open-sourced the QwQ-32B model. The platform marked a big leap over the previous version using roughly 5% of the parameters, or data units, that DeepSeek’s R1 employs.Alibaba’s stock gained as much as 7.5% in Hong Kong, the most intraday in nearly two weeks. The tech company has gone on a tear this year, gaining some $135 billion of market value. Investors have warmed to the company founded by Jack Ma as it stabilizes a business sideswiped by a years-long government crackdown. 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