On Monday, Alibaba (BABA.US) shares surged more than 5% to $103.23.

On the news front, Beijing time on October 31, Apple officially announced a partnership with Alibaba Group, integrating its large language model "Qwen" into the Apple Intelligence system for the mainland China market.

The related integration features will debut on November 4 with the iOS 27.3 developer beta, and are planned for a full rollout to Chinese users alongside the official system release in December.

At that time, eligible Chinese iPhone users will be able to directly access Qwen's text and image understanding and content generation capabilities within Siri, writing tools, and visual intelligence features.

Alibaba Group CEO Eddie Wu stated that Qwen will be deeply integrated into the Apple ecosystem, bringing a brand-new intelligent service experience to Chinese users.