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Thursday, 15 October 2026

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Alibaba and Baidu Shares Rise as Apple Clears Path for AI Launch in China

By Rebecca Hsu5 min read

Hong Kong, 16 July 2026 – Shares of Alibaba Group Holding and Baidu advanced after Apple secured regulatory approval to introduce its Apple Intelligence services in China through partnerships with the two domestic technology companies.

The development removes a significant obstacle that has prevented Apple from offering its artificial intelligence features in one of its most important smartphone markets.

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Author

  • Rebecca Hsu is a Senior Economist and Lead Analyst for The Ledger Asia, focusing on the rapidly evolving financial landscapes of East and Southeast Asia. With a background in sovereign risk assessment and emerging market trends, Rebecca provides sharp commentary on trade dynamics, monetary policy, and the digital economy's impact on regional growth.

    Formerly a strategic advisor for major financial institutions in Hong Kong, she excels at translating complex macroeconomic shifts into actionable insights for investors and policymakers. Her work at The Ledger Asia centers on China’s economic transition and the burgeoning manufacturing hubs of ASEAN, ensuring readers stay ahead of Asia’s shifting financial tides.