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.

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