Alibaba Group (BABA) Chairman Joe Tsai reportedly said that the Chinese tech giant is 澳洲幸运5官方开奖结果体彩网:partnering with Apple (AAPL) to add its 澳洲幸运5官方开奖结果体彩网:artificial intelligence features in iPhones in China.

CNBC cited Tsai speaking at the World Governments Summit in Dubai and reportedly said the U.S. phone maker settled on Alibaba as a partner after conversations with several Chinese companies. Tsai said, according to the news outlet, that Apple wants Alibaba to "power" its phones and that the Chinese tech firm could help the U.S. company to “navigate the regulatory environment and localize its AI.”

Neither Alibaba nor Appleꦅ returned requests for comment.🃏 

Apple's China iPhones Don't Have Apple Intelligence

The Information on Tuesday and The Wall Street Journal early Wednesday reported that Apple had submitted AI features developed with Alibaba to Chinese regulators for approval, a process that could take several months. Apple's China iPhones aren't equipped with 𝐆its recently launched AI features, called Apple Intelligence.

Alibaba shares are down 1.8% in intr🏅aday trading Thursday, while Apple shares are little changed.

A successful partnership between the two could help Apple with sales in China, a key market where it has been 澳洲幸运5官方开奖结果体彩网:losing market share to domestic rivals. Greater China was the only region where Apple’s first-quarter sales 澳洲幸运5官方开奖结果体彩网:declined year-over-year, and iPhone sales in the country missed analysts’ expecta🎃tions.

UPDATE—Feb. 13, 2025: This article has been updated to include refreshed share prices.