Qwen3.8 Max (0902) from Alibaba and Tencent Hy4 from Tencent land within 0.9 points of each other on the intelligence index. The biggest gap is output speed, where Tencent Hy4 records 94 tokens per second and Qwen3.8 Max 0902 38 tokens per second. This page is written automatically from catalogue numbers only: benchmark scores, list prices and measured speed.
Tencent Hy4 is the faster writer
Qwen3.8 Max 0902 generates about 38 tokens per second and Tencent Hy4 about 94 tokens per second. Tencent Hy4 is ahead by 146% on throughput. The wait for the first token averages 3.2 seconds on Qwen3.8 Max 0902 against 2.4 seconds on Tencent Hy4. Qwen3.8 Max 0902 waits 1.3 times as long before its first token.
Add the two numbers up for a 400-token reply and Tencent Hy4 finishes first: 14 seconds for Qwen3.8 Max 0902, 6.6 seconds for Tencent Hy4.
Which is newer
Tencent Hy4 arrived on November 3, 2026, about 2 months after Qwen3.8 Max 0902 (September 2, 2026).
Benchmark scores
Tencent Hy4 comes out ahead on the intelligence index, 34.6 to 33.7. That is close enough to call a draw on this measure.
Across the 109 active models with an intelligence score in the catalogue, Qwen3.8 Max 0902 ranks 44th and Tencent Hy4 ranks 42nd.
The catalogue does not yet split either model's score into coding and math indexes.
Cost: Tencent Hy4 is cheaper
Qwen3.8 Max 0902 lists $2.00 per million input tokens and $6.00 per million output tokens; Tencent Hy4 lists $0.834 and $2.501. That makes Tencent Hy4's output 58% cheaper.
A reference job of 1 million input tokens and 200,000 output tokens costs $3.20 with Qwen3.8 Max 0902 and $1.33 with Tencent Hy4, so Tencent Hy4 saves $1.87. A bigger example, classifying 100,000 short messages at 150 input tokens and 5 output tokens each, costs $33.00 on Qwen3.8 Max 0902 and $13.76 on Tencent Hy4: a gap of $19.24. Blended at three input tokens per output token, the effective rates are $3.00 for Qwen3.8 Max 0902 and $1.251 for Tencent Hy4.
Value for money
A blunt value measure, blended price over intelligence score, puts Qwen3.8 Max 0902 at $0.089 and Tencent Hy4 at $0.036 per point. Tencent Hy4 scores higher and costs less per point, so on price per point there is nothing to trade off.

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