On August 12, Alibaba fell 3.08% in regular trading, trading at $123.85/share, with turnover of $488 million. The decline was driven by persistent uncertainty surrounding the Apple Intelligence-Qianwen partnership in China, compounded by a broad selloff across technology stocks.

On the news front, Apple's China website briefly listed a support document titled \"Using Qianwen with Apple Intelligence on Mac\" before removing it within a day. Apple customer service confirmed that Apple Intelligence features remain unavailable in mainland China, with the approval process still ongoing and no confirmed launch timeline. The stock had previously rallied nearly 3% on the initial collaboration signal, but the retraction triggered a sentiment reversal. Meanwhile, major Chinese internet stocks sold off in tandem, with JD.com, Tencent, and Meituan all declining over 2%.

In the options market, a $2.82 million in-the-money put order was placed alongside selling of out-of-the-money calls, reflecting clearly bearish institutional positioning focused on downside protection rather than upside participation.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)