Apple (AAPL) and Alibaba (BABA) have reportedly entered a partnership to bring AI features to iPhone users in China, according to The Information. Both AAPL and US-listed BABA shares initially traded lower pre-market but have since rebounded. This development could enhance Apple’s AI ecosystem in China and strengthen Alibaba’s cloud capabilities. (11-Feb-2025, 09:37 ET)
Data sourced from Factset Research Systems Inc.