Shares of Chinese e-commerce giant Alibaba surged in Hong Kong on Wednesday after The Information reported the company is working with Apple to introduce AI features to iPhone users in China.

Apple has reportedly partnered with Alibaba to bring AI features to the iPhone in China iPhone sales have slipped in China due to a lack of AI features Alibaba’s vast consumer data and AI expertise make it an ideal partner for Apple's plans for China DeepSeek has been at the center of frenzied interest in Chinese AI developers;

Alibaba’s shares surged as the e-commerce giant made progress in its partnership with Apple to roll out artificial-intelligence features in China.