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Joseph Tsai Confirms Alibaba-Apple Co-op
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After BABA-W (09988.HK) Chairman Joseph Tsai confirmed the cooperation between the company and Apple (AAPL.US), the company' shares saw wilder upswing to peak at $124.3 this afternoon (13th). It last traded at $123.7, up 8.7%, with 226 million shares traded, involving $26.884 billion. Prior to this, rumor told that Apple had picked Alibaba to develop AI features for its iPhones in China. Tsai remarked that Apple needs a localized partner in China for the iPhone. Meanwhile, Apple has been selective, having talked with numerous companies in China, and eventually chose to do business with Alibaba. AAStocks Financial News |
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