Alibaba unveiled Qwen3-Coder, its most advanced AI for code generation, claiming parity with OpenAI's GPT-4 and Anthropic's Claude. The open-source model excels in agentic AI tasks and outperforms rivals like DeepSeek. While Alibaba's AI efforts gain global traction, its food delivery arm Ele.me faces tough competition, pressuring BABA stock despite a 42% YTD gain.