Alibaba shares jump 3.4% as it unveils Qwen3-Coder, an advanced open-source AI coding tool rivaling global competitors.

• Qwen3-Coder outperforms top Chinese AI models and matches U.S. leaders like GPT-4 and Claude in coding benchmarks.
• Stock set for biggest gain since July 15; heads for fourth straight session of gains.
• HK-listed Alibaba up 48.4% YTD, driven by tech innovation and renewed investor confidence.