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.
Key Takeaways Alibaba's U.S.-listed shares extended their recent rally into Wednesday after it was reported that Apple is partnering with the Chinese company.The companies have submitted to Chinese ...
Discover Alibaba's AI-driven growth potential with Qwen LLM, margin expansion, and equity gains amid China's macro trends.
China-based tech giant Alibaba (BABA) is climbing 5% today after investment bank Jefferies increased its price target on BABA. Why Jefferies Has Become More Bullish on BABA The investment bank raised ...
The stock climbed its most since September after the tech outlet, citing one unidentified source, said Apple and Alibaba have ...
The deal, which leverages Alibaba’s Qwen AI model, could boost iPhone sales in China and solidify Alibaba’s position as a ...
Apple is partnering with Alibaba to roll out artificial intelligence features for iPhone users in China, the Information ...
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback