Alibaba Group (Qwen)

Alibaba Group, ticker BABA on the NYSE and 9988 in Hong Kong, develops the Qwen AI models.

Ownership: Public
Exchange: ticker: NYSE: BABA; HKEX: 9988
Type: Hyperscaler
Headquarters: Hangzhou, China
Flagship products and models: Qwen models (Qwen3.8-Max), Alibaba Cloud
Website: alibabagroup.com
Ownership source: alibabagroup.com
Checked: October 2, 2026

Yes, Alibaba Group is publicly traded. Its American Depositary Shares, each representing eight ordinary shares, have traded on the New York Stock Exchange under BABA since September 19, 2014, and its ordinary shares trade on the Stock Exchange of Hong Kong under stock codes 9988 (HKD) and 89988 (RMB), with a dual primary listing since August 28, 2024.

Alibaba develops the Qwen model family: Qwen3.8-Max, announced in August 2026, is the largest Qwen model to date at 2.4 trillion total parameters, and its weights were released later that month.

Questions

Is Alibaba publicly traded?

Yes. Its American Depositary Shares trade on the New York Stock Exchange under BABA, and its ordinary shares trade in Hong Kong under stock codes 9988 (HKD) and 89988 (RMB).

How many Alibaba shares does one BABA ADS represent?

Each Alibaba American Depositary Share represents eight ordinary shares.

When did Alibaba list in New York and Hong Kong?

Alibaba’s ADSs have traded on the New York Stock Exchange since September 19, 2014, and it has had a dual primary listing since August 28, 2024.

What is Qwen3.8-Max?

Qwen3.8-Max, announced in August 2026, is the largest Qwen model to date at 2.4 trillion total parameters; its weights were released later that month.

Sources:

Alibaba Group, Investor FAQs; Qwen, Qwen3.8-Max (August 2, 2026); Alibaba Cloud, Qwen3.8-27B and Qwen3.8 flagship weights (August 17, 2026). Checked October 2, 2026.

Source

Ownership, tickers and funding rounds come from each company’s own investor relations pages, press releases and SEC filings, linked on every profile with the date it was last checked. How we pick and check sources: editorial standards.