$BABA-W (09988.HK)$ At the beginning of the session, the stock rose over 5%. Year-to-date, the company's stock price has increased by more than 34%. As of the time of writing, it is up 5.05%, trading at 110.2 Hong Kong dollars, with a transaction volume of 1.702 billion Hong Kong dollars.

According to reports, Apple will collaborate with Alibaba to launch AI features in China. Insiders reveal that this move is part of Apple's strategy to address declining sales in China and aims to provide more appealing software features. The report cites insiders stating that Apple's goal is to find a Chinese partner that can understand user requests based on personal data. Alibaba, as an E-Commerce giant, possesses more personal data of Chinese consumers, such as their shopping and payment habits, which is one of the reasons Apple decided to partner with Alibaba.

It is worth mentioning that on the afternoon of February 11, Alibaba founder Jack Ma appeared at Alibaba's Hangzhou campus, wearing an Alibaba black cultural jacket, smiling throughout and waving to employees.

During this year's Spring Festival, Alibaba Cloud released the flagship model Qwen2.5-Max of Tongyi Qwen. The Tongyi Qwen large model has become one of the largest open-source model families globally. In both domestic and international open-source communities, the number of derivative models of Qwen has exceeded 0.09 million, surpassing the Llama series of open-source models under USA's Meta company, ranking among the top in the world.

Editor/rice