Alibaba Stock Surges on News of AI Integration with Apple's System in China

Stock News07-15 22:04

Shares of Alibaba (BABA) surged more than 6% at the opening of trading on Wednesday. The stock is now trading at $119.65, marking a cumulative gain of 26% from its low point in late June.

The sharp increase follows the release of information by the Cyberspace Administration of China. The announcement indicated that the "Apple Intelligence" large language model, developed by Apple Technology Development (Shanghai) Co., Ltd., completed its filing on July 8, 2026, with its applicable scenario listed as Apple smartphones.

According to reports, Alibaba is among the partners for this AI functionality. In response to inquiries, Alibaba confirmed that its Tongyi Qianwen AI model will be integrated into Apple Intelligence. This integration aims to deliver an intelligent experience to users of iOS, iPadOS, macOS, and visionOS in China.

The collaboration will allow users to directly access the capabilities of Tongyi Qianwen on their Apple devices without needing to switch between different applications. These capabilities include text and image comprehension, content generation, and other AI functions.

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