Alibaba's HK Shares Extend Rally to 8% as Apple Taps It as AI Partner for iPhones in China
Shares of Alibaba Group Holding Ltd. extend rally to 6.2% on Wednesday, following reports that Apple has partnered with the Chinese tech giant to develop AI features for iPhones in China.According to reports from The Information and Reuters, Apple has chosen Alibaba as its partner for building AI models for services like Siri on iPhones in China. Apple had previously tested AI models from Baidu, Tencent, ByteDance and others, but was unsatisfied and decided to partner with Alibaba.The partnersh