February 13, 2025 2:33 PM

Alibaba says to partner with Apple on AI features, sending shares surging

Alibaba Chairman Joe Tsai said on Thursday the company will partner with Apple on AI for iPhones sold in the China market, sending the Hong Kong-listed shares of the Chinese tech giant soaring over 9% to a three-year high. "They talked to a number of companies in China. In the end they chose to do business with us. They want to use our AI to power their phones. We feel extremely honoured to do business with a great company like Apple," Tsai said at the World Governments Summit in Dubai. The Ho...