打造支持多模态的电商通用大模型，提升跨模态理解与推理能力。

In this work, we present Valley3, an omni multimodal large language model (MLLM) developed for diverse global e-commerce tasks, with unified understanding and reasoning capabilities across text, images, video, and audio. A key feature of Valley3 is its native multilingual audio capability for e-commerce, developed by extending vision-language models to better support crucial audio-visual tasks, particularly in short-video scenarios. To achieve this, we carefully design a four-stage omni e-commerce continued pre-training pipeline, through which Valley3 progressively acquires audio understanding, cross-modal instruction-following, e-commerce domain knowledge, and long-context reasoning capabilities, ultimately evolving into an omni model for diverse e-commerce scenarios. Then, we further improve Valley3 through post-training to encourage long-chain reasoning with controllable reasoning modes, enabling one non-thinking mode and three distinct levels of thinking, thereby balancing inference efficiency in simple scenarios with deep reasoning for complex applications. Moreover, we equip Valley3 with agentic search capabilities to proactively invoke search tools and acquire task-relevant information for e-commerce deep research tasks. To comprehensively assess the capabilities of Valley3, we construct an omni e-commerce benchmark spanning 6 tasks. Experimental results show that Valley3 consistently outperforms strong baselines on our in-house and open-source e-commerce benchmarks, while remaining competitive on general-domain benchmarks.