Qwen3.8-Max
The Qwen3.8 native vision-language Max series model is Qwen's most capable flagship model to date, featuring 2.4 trillion parameters with a Mixture-of-Experts architecture. It delivers outstanding performance comparable to the current state-of-the-art models, with significant improvements over the 3.7 series.
Executive recap
Revenue grew 18% year-over-year, led by cloud infrastructure and AI services.
Customer retention remained above 93%, with enterprise expansion as the largest contributor.
Key risks include supply-chain volatility and slower recovery in overseas channels.










