Hong Kong-listed shares hit a four-month high on Wednesday, surging over 8% to HK$113.90, after reports of a strategic AI partnership with Apple Inc. (NASDAQ:AAPL). Apple

Alibaba Group reached a deal with Apple to develop AI features for iPhones sold in China, a major win for the Chinese internet and e-commerce giant and a disappointment for local search giant Baidu, Bloomberg reported.

Apple partners with Alibaba to develop AI features for iPhone users in China. Apple lost market share in China and has explored partnerships with other Chinese companies.

Apple is partnering with Alibaba to develop and roll out AI features for iPhone users in China, The Information reported on Tuesday, citing one person with direct knowledge of the decision.

Shares of Chinese e-commerce giant Alibaba surged in Hong Kong on Wednesday after The Information reported the company is working with Apple to introduce AI features to iPhone users in China.

Apple selected Baidu as its main partner last year, but the company's progress in developing models fell short of its standards, the report said.

Alibaba Group’s stock surged up to 8.6% following reports about Apple linking up with the e-commerce giant to roll out AI features for iPhone users in China. For Alibaba, securing a deal with Apple is no less than a breakthrough.

Apple is partnering with Alibaba Group to introduce artificial intelligence features in China, strengthening its position in a crucial market where it has struggled to establish a strong AI presence.

Apple is collaborating with Alibaba to introduce AI features for iPhones in China. This partnership, driven by Alibaba's advanced Qwen AI model, aims to enhance iPhone sales in the competitive Chinese market.