Paramount-Warner Bros. Discovery Merger Faces Lawsuit From 12 States 
DOJ Grand Jury Investigates UAW President Shawn Fain Ahead of Union Election 
Samsung Chairman Lee Jae-yong Expected to Meet Nvidia CEO Jensen Huang on AI and Chip Partnership 
Muji Owner Ryohin Keikaku Stock Soars After Raising Full-Year Earnings Forecast 
DeepSeek Eyes China IPO as AI Startup Seeks $71 Billion Valuation in New Funding Round 
SK Hynix Soars 13% in Nasdaq Debut After Record $26.5 Billion IPO 
Australia Flags Child Safety Gaps at Apple, Meta, Google Over Online Sexual Extortion 
Morgan Stanley Says China’s Reusable Rocket Progress Poses Long-Term Challenge to SpaceX 
Elon Musk Says Anthropic Leads AI Race as Claude Models Challenge OpenAI 
Apple Tests China's CXMT Memory Chips as DRAM Maker Gains Global Market Share 
Yaskawa Electric Shares Slide as Weak Profit Overshadows Strong AI Demand 
Kitron Q2 Revenue Beats Estimates as Defense Demand Lifts Growth 
Arm Stock Falls After HSBC Downgrade, Citing Limited Near-Term AI Upside 
Morgan Stanley Names Marks & Spencer Top European Retail Pick, Sees Strong Upside 
Stellantis Q2 Vehicle Shipments Rise 10% as North America Drives Growth 
SK Hynix Stock Soars as AI Memory Demand Outlook Fuels Chip Rally 
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.
