HK Stock Market Move | BABA-W(09988) rose by over 4% again, with its stock price increasing by over 40% so far this year. It is reportedly developing AI functions for the Chinese iPhone.

BABA-W (09988) rose by over 4%, and the stock price has increased by over 40% so far this year. As of the time of writing, it has increased by 4.04%, reaching 118.5 Hong Kong dollars, with a trading volume of 83.52 billion Hong Kong dollars. On the news front, it was reported that Apple will collaborate with Alibaba to launch artificial intelligence features in China. Insiders revealed that this move is one of Apple's strategies to address declining sales in China, aiming to provide more attractive software features. It is worth noting that on February 11th, Alibaba's founder Jack Ma appeared at the Alibaba Hangzhou campus. Morgan Stanley analysts pointed out that as the largest e-commerce platform in China, Alibaba's massive consumer data can help Apple develop personalized generative AI functions. The potential cooperation between the two parties may start with Alibaba and could later expand to other Chinese cloud service providers, making it an important strategic move for Apple to deepen its AI layout in the world's largest internet market. In addition, Dahua Jixin pointed out that the emergence of the DeepSeek model has triggered a significant transformation in the artificial intelligence industry, attracting investors' attention and widespread interest from Chinese AI industry developers. Due to the lowering deployment barriers of Large Language Models (LLM) technology and financial thresholds, more and more global mega-enterprises and application companies are promoting the deployment of DeepSeek and Qwen models, expanding their availability and adoption. Alibaba Cloud has become a major beneficiary, with resilient growth prospects. The Alibaba Cloud Intelligent Group has raised its enterprise value multiple for the 2026 fiscal year from 3 times to 4 times, as it is expected to support the newly launched Qwen2.5-Max model.