AI advancements propel Alibaba and Baidu, as Apple intensifies AI focus in the Chinese market
Alibaba and Baidu Soar Amid Tech Rally, as Collaborations with Apple Fuel Growth
In the world of tech, two Chinese giants, Alibaba Group and Baidu, have been making headlines recently. As of the latest available data, Alibaba's stock price in Hong Kong stands at approximately HKD 153.50 (ticker "9988"), and in the USA it is around USD 154.99 (ticker "BABA"). Baidu's stock price in the USA is about USD 115.08, and approximately EUR 98.30 in Europe (ticker "BIDU").
The surge in Alibaba's stock price in Hong Kong is notable, with the company showing gains of over 18%. Baidu, too, has seen positive movement, with a nearly 13% increase in Hong Kong, driven by fresh AI dreams and optimism surrounding its Apollo Go robotaxis.
One of the factors contributing to this growth is the collaborations between these tech giants and Apple. Alibaba is assisting with the regulatory-sensitive on-device part of Apple's AI project in China, while Baidu is providing AI search and Siri functions for Apple's AI offensive in the region.
Interestingly, Alibaba's AI cooperation with Apple is not mentioned in the China Tech-Gigant Index, which tracks the performance of selected China tech giants in bundled form. However, both Alibaba and Baidu are included in this index.
Alibaba has also been expanding its AI capabilities, with its Qwen-3 family of models achieving better scores than competing models in math and coding benchmarks. Qwen, which can run efficiently on Apple hardware, could potentially benefit Alibaba if Apple needs local models for China.
Apple, too, is partnering with local companies to launch "Apple Intelligence" in mainland China. Alibaba has made adjustments to its AI models to fit Apple's requirements in China, a move that could be a game changer for both companies.
Meanwhile, Baidu is one of the top providers of driverless rides, but it appears relatively undervalued compared to its peers. This could be a promising opportunity for investors.
It's worth noting that the price of these financial instruments is derived from an index developed and owned by Börsenmedien AG, a publisher with which the issuer has a cooperation agreement. The CEO of the publisher, Mr. Bernd Förtsch, has positions in Apple, and the author of this article also holds positions in Alibaba Group, Baidu, and Apple.
DER AKTIONÄR, a German magazine, recently recommended Alibaba, while Alibaba also has an insider on Nvidia with new target prices.
This collaboration between Alibaba, Baidu, and Apple is indeed a significant development in the tech world, with potential implications for the future of AI and the tech industry as a whole. As always, investors are advised to do their own research and consider their own risk tolerance before making investment decisions.
