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BABA-W Spikes 5%+ on Reported Co-op w/ Apple to Develop AI Features for CN iPhone Users
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Apple (AAPL.US) and BABA-W (09988.HK) are rumored to be working concertedly to develop AI features for iPhone users in China. The news spurred Alibaba's stock price to open higher by 4.1% today (12th), and last soared 5.43% to $110.6, with a turnover of 16.0378 million shares, involving $1.756 billion. Apple picked Alibaba over DeepSeek to develop AI features for its iPhones in China, The Information reported. According to the report, Apple had previously tested AI models from BIDU-SW (09888.HK), TENCENT (00700.HK), ByteDance, DeepSeek and Alibaba, as a result of which Alibaba's vast trove of consumer data was a key factor in Apple's partnership with Alibaba. AAStocks Financial News |
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