Alibaba jumps 5% as Apple integrates its Qwen AI model into iPhones in China, boosting tech stocks.

Apple has integrated Alibaba's Qwen AI model into iPhones in mainland China, starting with iOS 27.3 in December, embedding it in Siri and other features. This move gives Alibaba a direct channel to iPhone users, potentially expanding its AI reach despite limited immediate revenue impact. The announcement lifted Alibaba's stock by 5%, with related Chinese tech stocks like PDD and Baidu also rising. The deal highlights Alibaba's unique position owning the chosen AI model, contrasting with peers like Baidu and PDD, and may influence future growth as Apple reports quarterly results.

Following the news of Apple integrating Alibaba's Qwen AI model into iPhones in China, Alibaba's stock on Pluang rose by 5.60% to USD 103.46 as of Nov 02, 2026 22:02 WIB. PDD Holdings also gained 5.20%, trading at USD 82.70, while Baidu increased 2.58% to USD 78.37. These movements show investor interest in Chinese tech stocks linked to AI developments at the time noted.