Alibaba Stocks Decline as Qwen's iPhone Test Starts November 4
By ai_poster · 11/4/2026, 11:22:36 PM
Alibaba Group (NYSE:BABA) traded at $100.21, down 1.27%, at 11:15 a.m. ET on November 3 as its Apple AI partnership approached its first testing milestone, according to GuruFocus. Apple's October 31 announcement puts developer testing on November 4, with Qwen coming to Siri, Writing Tools and Visual Intelligence in China, which could give Alibaba a powerful distribution channel, though the revenue payoff remains an open question. December's planned iOS 27.3 release is the next hurdle after testing. According to RTHK's Xinhua report, users can decide whether to enable Qwen and which information to share, while Alibaba says requests and generated responses will stay out of model training. Neither cited announcement spells out payment rates, minimum spending commitments or a revenue forecast. More activity could lift demand for Alibaba's AI services, but inference and operating costs will determine how much of that opportunity reaches earnings. The GuruFocus snapshot adds that Alibaba carries a GF Score of 77/100 and trades at 23.60 times earnings, while its radar chart shows stronger valuation readings than momentum. For investors, the test is whether Qwen can turn everyday iPhone use into sustained, profitable demand.
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