Alibaba launches Wan3.0 AI video model after $10 billion share sale

Alibaba officially rolled out its latest AI video generation-model ​Wan3.0 on Monday with enhanced ‌capabilities after the Chinese internet giant launched a $10 billion share placement to fund ​rising AI spending.

Aug 24, 2026 - 13:00
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Alibaba launches Wan3.0 AI video model after $10 billion share sale
Alibaba officially rolled out its latest AI video generation-model ​Wan3.0 on Monday with enhanced ‌capabilities after the Chinese internet giant launched a $10 billion share placement to fund ​rising AI spending.

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