HK Stock Market Move | BABA-W (09988) rose over 5% in morning trading as Apple's China AI officially launches, with Siri deeply integrating Alibaba's Qwen.

BABA-W (09988) rose over 5% in morning trading. As of press time, it was up 5.27% at HK$105.9, with turnover of HK$2.517 billion. On the news front, Apple's China AI opened for testing on November 4 with the iOS 27.3 developer beta. In this version, Siri is deeply integrated with Alibaba's Qwen, and the official release is expected to be pushed in December. It is understood that Apple's China AI is jointly supported by Apple's self-developed on-device model and Alibaba's Qwen. Simple tasks are processed locally; complex Q&A or creation, such as in-depth Siri questions and content generated by writing tools, will call Qwen's cloud capabilities after obtaining user consent via a pop-up window. QuestMobile data shows that in September 2026, the Qwen App had 158 million monthly active users, while Doubao had 419 million. In the competition among consumer AI applications, Apple's system entry point offers Qwen a new opportunity to reach users. However, users actively navigating to the app does not equal new users, still less sustained activity, and the actual conversion effect needs to be supported by subsequent user data.