Movement Alert｜Alibaba Intraday Rise 4.23% in Regular Trading, Apple partnership to integrate Qwen into Apple Intelligence lifts sentiment

Market Focus

Nov 02

On November 2, Alibaba recorded an Intraday Rise of 4.23% in Regular Trading, trading at $102.53 per share with turnover of $61.91 million.

The clearest catalyst in publicly available information is Alibaba's recently announced partnership with Apple, under which Qwen will be integrated into Apple Intelligence for users in China, improving sentiment around Alibaba's AI ecosystem and commercialization prospects.

Details released earlier show Chinese users will be able to access Qwen's text and image understanding and content generation capabilities through Siri, Writing Tools and Visual Intelligence. Developer testing is set to begin on November 4, with broader rollout planned in December alongside iOS 27.3. Separately, Citi said Alibaba is likely to benefit from the partnership and maintained a Buy rating with a $193 target price. Strength across Hong Kong internet names, including Tencent, Meituan and Xiaomi, also supported the backdrop for the move.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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