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.
Apple’s Chinese AI problem (perhaps) solved with Alibaba
Due to local regulations, Apple needs a Chinese partner to offer its AI services in China. It had been expected to work with Baidu, but chose not to do so. Deepseek was also considered, but as a small start-up there were concerns it would not scale to meet Apple-driven demand.
Jefferies analyst Thomas Chong increased the price target for Alibaba (NYSE:BABA) Group Holding Limited (NYSE: BABA) shares to $150.00, up from the previous $144.00, while reiterating a Buy rating on ...
The deal, which leverages Alibaba’s Qwen AI model, could boost iPhone sales in China and solidify Alibaba’s position as a ...
Discover Alibaba's AI-driven growth potential with Qwen LLM, margin expansion, and equity gains amid China's macro trends.
Asian stocks wished they were still on vacation, as U.S. tariffs proved not to be a beautiful thing for stocks as the U.S.
The deal, which leverages Alibaba’s Qwen AI model, could boost iPhone sales in China and solidify Alibaba’s position as a ...
Alibaba's AI advancements and promising financial growth make it a compelling stock with significant upside potential. Read ...
Apple is partnering with Alibaba to roll out artificial intelligence features for iPhone users in China, the Information ...
Apple and Alibaba have already submitted their jointly developed AI features for regulatory approval, and hope to integrate ...
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback