Alibaba's stock gets boost from reported Apple Intelligence partnership

Dow Jones

2025/02/12

MW Alibaba's stock gets boost from reported Apple Intelligence partnership

By Steve Goldstein

Shares of Chinese e-commerce giant Alibaba Group Holding Ltd. rose in premarket trade after reports it's partnering with Apple Inc. to roll out artificial-intelligence features for phones sold in China.

The Information and The Wall Street Journal said Apple recently submitted Apple Intelligence features for China, developed with Alibaba, for approval by the country's cyberspace regulator.

Alibaba shares $(BABA)$ rallied 5% in premarket trade, following a Hong Kong session (HK:9988) in which the stock rose 8.5%.

Apple had talks with Alibaba rival Baidu Inc. $(BIDU)$ before their collaboration ran into trouble, the WSJ reported.

Alibaba recently unveiled its own large-language model, Qwen, following the release of the popular DeepSeek chatbot that roiled global financial markets.

Apple shares $(AAPL)$ were little changed. Apple's iPhone faces steep competition in China from rivals including Huawei and Xiaomi.

-Steve Goldstein

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

February 12, 2025 06:42 ET (11:42 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Apple's iPhone faces steep competition in China from rivals including Huawei and Xiaomi. \n</p>\n<p>\n     -Steve Goldstein \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 12, 2025 06:42 ET (11:42 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2065171402.SGD","symbol_name":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2510320570","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2510320570","pubTimestamp":1739360520,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Chinese e-commerce giant Alibaba Group Holding Ltd. rose in premarket trade after reports it's partnering with Apple Inc. to roll out artificial-intelligence features for phones sold in China.The Information and The Wall Street Journal said Apple recently submitted Apple Intelligence features for China, developed with Alibaba, for approval by the country's cyberspace regulator.Alibaba shares  rallied 5% in premarket trade, following a Hong Kong session  in which the stock rose 8.5%.Apple had talks with Alibaba rival Baidu Inc.  before their collaboration ran into trouble, the WSJ reported.Alibaba recently unveiled its own large-language model, Qwen, following the release of the popular DeepSeek chatbot that roiled global financial markets.Apple shares  were little changed. Apple's iPhone faces steep competition in China from rivals including Huawei and Xiaomi.This content was created by MarketWatch, which is operated by Dow Jones & Co. 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Apple's iPhone faces steep competition in China from rivals including Huawei and Xiaomi. \n\n\n     -Steve Goldstein \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 12, 2025 06:42 ET (11:42 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}