Alibaba Cloud's Model Studio page, updated Nov. 11, 2026, opened Qwen4-Max-Preview on Token Plan only, from 10:00 on Nov. 11 through 24:00 on Nov. 25 (UTC+8), and said the preview model will then be retired. The page lists a 1 million token context and a 393,216 token output budget shared by thinking and the answer, with thinking on by default. Pay-as-you-go is not supported, and the page gives no parameter count or weight release. Cailian Press reported the same morning that the full Qwen4 release is still ahead, that Qwen Work, Qoder, the Qwen app, and QwenStudio also have the preview, and that a limited-time offer could be as low as one-tenth of the usual credit price.
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