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.
Asian equities were mostly higher overnight as Hong Kong and Indonesia outperformed while Taiwan and Pakistan underperformed.
Due to local regulations, Apple needs a Chinese partner to offer its AI services in China. It had been expected to work with ...
Apple sales have been struggling in China–iPhone revenue slumped 25% there in the fourth quarter–as the trade wars between ...
Shares of Chinese e-commerce giant Alibaba surged in Hong Kong on Wednesday after The Information reported the company is ...
The stock of tech giant Alibaba — whose shares had been beaten down since Beijing's yearslong Big Tech regulatory crackdown — ...
Apple is partnering with Alibaba to roll out artificial intelligence features for iPhone users in China, the Information ...
The deal, which leverages Alibaba’s Qwen AI model, could boost iPhone sales in China and solidify Alibaba’s position as a ...
According to a report published Tuesday by The Information, Apple is partnering with Alibaba to bring its Apple Intelligence ...
THE frenzy over Chinese artificial intelligence is turning Alibaba Group Holding into an investor favourite again, injecting ...
The stock climbed its most since September after the tech outlet, citing one unidentified source, said Apple and Alibaba have ...
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