Meta Agrees to $18 Billion Settlement, Tightens Teen Social Media Rules 
Salesforce Shares Surge as AI Demand Powers Q2 Earnings Beat 
New Zealand Labour Backs Social Media Ban for Under-16s 
Luxshare Shares Rise as First-Half Profit Jumps 18% 
Google Changes EU Spam Policy Amid Antitrust Scrutiny 
OpenAI AI Agent Swarm Behind Hugging Face Hack 
Samsung Shares Tumble 8% as $79 Billion Return Plan Disappoints 
SK Hynix Shares Fall as Workers Reject Wage Deal 
BofA Names ASML Top Semiconductor Equipment Pick on Growth, Valuation 
SoftBank Plans Record $6.3 Billion Bond Sale to Fund OpenAI Investments 
Nvidia Eyes Perplexity Investment at $30 Billion Valuation 
U.S. Probes Apex Logistics Over Nvidia AI Chip Shipments to China 
Nvidia Options Price in $280 Billion Earnings Swing 
The Realist’s Case: Lukas Kerrebijn of RD Dubai on the Narrative Dubai’s Agents Won’t Question 
PayPal Shares Sink as $50 Billion Takeover Bid Collapses 
Add as a preferred source on Google
Alibaba Group’s (HK:9988, NYSE:BABA) Hong Kong-listed shares hit a four-month high on Wednesday, surging over 8% to HK$113.90, after reports of a strategic AI partnership with Apple Inc. (NASDAQ:AAPL).
Apple reportedly selected Alibaba’s AI model under its Tongyi Qianwen framework to enhance iPhone AI features in China, favoring it over competitors like Baidu (NASDAQ:BIDU, HK:9888), Tencent (HK:0700), ByteDance, and Deepseek, according to The Information.
Alibaba's extensive user data and advanced AI capabilities played a key role in Apple's decision, ensuring more personalized experiences for Chinese consumers. Both companies have submitted their AI-powered features for approval by China’s cyberspace regulator, with plans for an official launch in April.
The partnership marks a significant move in Apple’s localization strategy, integrating Alibaba’s AI to improve the functionality of Apple Intelligence for Chinese users. DeepSeek was reportedly considered but lacked the necessary resources for seamless iPhone integration.
This collaboration underscores Alibaba’s growing influence in AI and strengthens its position in China’s competitive tech landscape. With the anticipated rollout of AI-driven features, both companies could see increased market engagement, further boosting Alibaba's stock momentum.
