Apple partners with Alibaba amid declining sales in China
CEO Tim Cook attributed the recent 11% drop in iPhone sales in China to the lack of Apple Intelligence, while local competitors like Huawei moved quickly to fill the gap. In its search for a local AI partner, Apple considered startups such as DeepSeek and ByteDance but ultimately chose Alibaba.
Asian equities were mostly higher overnight as Hong Kong and Indonesia outperformed while Taiwan and Pakistan underperformed.
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Alibaba Group Holding Ltd is witnessing a revival in investor interest, thanks to its major advancements in artificial ...
The deal, which leverages Alibaba’s Qwen AI model, could boost iPhone sales in China and solidify Alibaba’s position as a ...
Chinese e-commerce retailer and tech group Alibaba (BABA) stock soared 7.5% after billionaire hedge fund manager David Tepper ...
The stock climbed its most since September after the tech outlet, citing one unidentified source, said Apple and Alibaba have ...
Goldman Sachs analyst maintains Buy on Alibaba Group with $117 price target. Notes strong performance in Qwen2.5 model and ...
THE frenzy over Chinese artificial intelligence is turning Alibaba Group Holding into an investor favourite again, injecting ...
Alibaba faces a lot of formidable challenges, but it will likely remain China's top e-commerce and cloud company for the ...
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