$BABA is down 1.3% to $100.21 as Qwen's iPhone testing starts Nov 4, the first real milestone in the Apple AI partnership. Qwen comes to Siri, Writing Tools and Visual Intelligence in China, but no pa

What happened: Alibaba (NYSE:BABA) traded lower as its Apple AI partnership neared its first testing milestone, with Qwen coming to Siri, Writing Tools and Visual Intelligence in China. Key numbers: BABA traded at $100.21, down 1.27%, at 11:15 a.m. ET on November 3. Developer testing starts November 4; a planned iOS 27.3 release follows in December. Why it matters: The partnership could give Alibaba a powerful distribution channel, but the revenue payoff remains an open question, and inference and operating costs will determine how much reaches earnings. Market: +0.9% today ($332.07), +22.8% YTD, 0.8x vol — as of 19:03 UTC Verified: Q3_2026 (Nov 2) EPS $2.10 vs $1.98 est, +6.0% beat; next print ~Feb 1

Alibaba (NYSE:BABA) traded lower as its Apple AI partnership neared its first testing milestone, with Qwen coming to Siri, Writing Tools and Visual Intelligence in China.

The partnership could give Alibaba a powerful distribution channel, but the revenue payoff remains an open question, and inference and operating costs will determine how much reaches earnings. Market: +0.9% today ($332.07), +22.8% YTD, 0.8x vol — as of 19:03 UTC Verified: Q3_2026 (Nov 2) EPS $2.10 vs $1.98 est, +6.0% beat; next print ~Feb 1