Apple AI plans to integrate Qwen, coupled with Citi raising its target price, BABA rises 2.5% intraday.

BlockBeats news, November 2 — Apple has further clarified the timeline for integrating Qwen into Apple Intelligence in the Chinese market. Apple announced on October 31 that Chinese users will be able to invoke Qwen in some features such as Siri, Writing Tools, and Visual Intelligence. The related features will open for developer testing on November 4 and are planned for official release with iOS 27.3 in December.

Separately, Citi said today that the partnership is expected to expand Qwen's user reach and drive incremental cloud inference demand, maintaining a "Buy" rating on Alibaba.

According to TradingBeats monitoring, as of press time, the BABA contract on Hyperliquid rose about 2.54% in the past 24 hours to $101.26, with trading volume of about $2.4387 million; during the same period, AAPL fell about 0.34% to $343.79.

During the same period, address 0xe1d3 took profit on a BABA long position in the past 2 hours, with a size of about $481,500, at an average closing price of $101.64, realizing a trading profit of about $8,536.