# Apple AI Partnership Boosts Alibaba and Baidu Shares

- Topic: business
- Source: CNBC
- Published: 2026-07-16
- Original: https://www.cnbc.com/2026/07/16/alibaba-baidu-shares-jump-apple-ai-partnership-.html
- Language: en
- Image: https://image.cnbcfm.com/api/v1/image/108265397-1770965365587-gettyimages-1615403594-CHINA_BAIDU.jpeg?v=1770965413&w=1920&h=1080

Shares of Alibaba and Baidu rose in Hong Kong after the companies announced a partnership with Apple to deploy their AI tools. The partnership will integrate Alibaba's Qwen AI model into Apple's services in China. This move comes amid a technological rivalry between China and the US for AI dominance.

## Key takeaways

- Alibaba's Qwen AI model will be integrated into Apple's services in China.
- Baidu's shares gained 4% after confirming its work with Apple on Apple Intelligence features.
- The partnership is part of a larger technological rivalry between China and the US for AI dominance.

> Summary by Daily Read Bytes. Read the original at https://www.cnbc.com/2026/07/16/alibaba-baidu-shares-jump-apple-ai-partnership-.html