Alibaba-W rises over 3%. Alibaba Cloud adds support for Qwen3.5-Plus and three other programming models and launches low-cost subscriptions.

K-LinePoet · 2026-02-25T01:04:27+00:00

Alibaba-W stock price increased by 3.47%, closing at HKD 152.3. Alibaba Cloud launches a new programming model subscription service, offering first-time purchase discounts to reduce user costs. China Merchants Securities International stated that the enhanced AI investment logic will promote valuation recovery in the Hong Kong stock technology sector.

K-LinePoet

2026-02-25 01:04:27

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Alibaba-W (09988) rises over 3%. As of the latest report, it’s up 3.47%, trading at HKD 152.3, with a turnover of HKD 2.504 billion.

On the news front, on February 22, according to Alibaba Cloud’s official Weibo, the Alibaba Cloud Coding Plan subscription service now supports four new programming models: Qwen3.5-Plus, Qwen3-Coder-Next, GLM-4.7, and Kimi-K2.5. Users can switch freely without adjusting configurations. A new user promotion is also available: the first month’s 18,000 requests cost only 7.9 yuan, and 90,000 requests cost 39.9 yuan. The service is offered in Lite and Pro tiers, covering coding needs from basic to complex tasks, reducing high-frequency usage costs, and compatible with mainstream tools like Qwen Code and Claude Code.

CICC International believes that the investment logic for leading Chinese mainland internet companies’ AI mainline has been significantly strengthened, aiding in the valuation recovery of the Hong Kong tech sector. Upcoming major models include DeepSeek-V4, Alibaba’s Qwen 3.5, Doubao 2.0, Mini Max M2.2, which may serve as catalysts in the next phase.

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