Alibaba says to partner with Apple on AI features, sending shares surging

By Casey Hall

Shanger (Reuters) -her. A number

“They talked to a number of Chinese companies. In the end, they chose business with us. They want to use their phones that feel great honors that feel like a great honor to make Apple with a wonderful company. ” At the World Government Summit in Dubai.

Alibaba’s Hong Kong-listed shares have increased by 9.2%, reaching $ 124.3, their highest since 2022.

Apple did not immediately respond to the comment request.

AI Integration is an important time for Apple, which has collided with the decline in iPhone sales in China as a result of the growing competition of internal competitors, particularly Huawei.

Industry analysts have pointed out the lack of advanced AI features: the main sales point of the most energy smartphones as a significant impatience of an apple in the Chinese market.

In 2024, Apple suffered a significant feedback in China, losing its crown as a country’s leading smartphone.

According to the market research company, Apple’s annual deliveries in China fell by 17%, allowing home producers to move forward.

VIVO captured the largest share of the market by 17%, and Huawei provided the second place by 16%, hit Apple by 15% of the market.

In early 2025, Alibal became Chinese AI, its shares to more than 40% of this year.

In late January, the company published a new version of its Qwen 2.5 artificial intelligence model, the function of which states that the Deepseek-V3 has exceeded earlier this year.

(Reports that by Casey Hall, Liam Mo; Editing by Christopher Kushing and Sri Navy)