Hong Kong Stock Market Movement | Alibaba-W(09988) up over 3% Alibaba Cloud adds support for 4 programming models including Qwen3.5-Plus and launches low-cost subscriptions

2026-02-23 07:03:20

iFintech News APP has learned that Alibaba-W (09988) rose over 3%. As of the time of reporting, it increased by 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, Alibaba Cloud Coding Plan subscription service has added support for four programming models: Qwen3.5-Plus, Qwen3-Coder-Next, GLM-4.7, and Kimi-K2.5. Users can switch freely without adjusting configurations. A first-time purchase discount is also offered: new users can make 18,000 requests in the first month for only 7.9 yuan, and 90,000 requests for 39.9 yuan. The service is available 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 sector has been significantly strengthened, aiding in the valuation recovery of the Hong Kong tech sector. The upcoming major models include DeepSeek-V4, Alibaba Qwen3.5, Doubao 2.0, Mini Max M2.2, which may become catalysts in the next phase.

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