Apple partners with Alibaba amid declining sales in China
CEO Tim Cook attributed the recent 11% drop in iPhone sales in China to the lack of Apple Intelligence, while local competitors like Huawei moved quickly to fill the gap. In its search for a local AI partner, Apple considered startups such as DeepSeek and ByteDance but ultimately chose Alibaba.
Due to local regulations, Apple needs a Chinese partner to offer its AI services in China. It had been expected to work with ...
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Asian equities were mostly higher overnight as Hong Kong and Indonesia outperformed while Taiwan and Pakistan underperformed.
The deal, which leverages Alibaba’s Qwen AI model, could boost iPhone sales in China and solidify Alibaba’s position as a ...
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Goldman Sachs analyst maintains Buy on Alibaba Group with $117 price target. Notes strong performance in Qwen2.5 model and ...
THE frenzy over Chinese artificial intelligence is turning Alibaba Group Holding into an investor favourite again, injecting ...
Once the most high-profile name in Chinese tech, Alibaba had several difficult years in the stock market — but the e-commerce ...
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