HK Stock Market Move | BABA-W (09988) rose nearly 3% before noon; Apple Intelligence for the China market integrates Qwen, with testing opening on November 4.

BABA-W (09988) rose nearly 3% in morning trading. As of press time, it was up 2.42% at HK$99.4, with turnover of HK$2.252 billion. On the news front, on October 31, Alibaba reached a partnership with Apple to integrate Qwen into Apple Intelligence. Chinese users will be able to directly access Qwen's text and image understanding, content generation and other capabilities in Siri, Writing Tools and Visual Intelligence. These features will open for testing with the latest iOS developer Beta on November 4, and will be rolled out to Chinese users with the official release of iOS 27.3 in December.