During trading hours, Alibaba-W’s stock price experienced a significant surge of nearly 4%, currently standing at a 2.73% increase, reaching HK$109.30, with trading volume hitting HK$2.025 billion. Tim Cook, the Executive Chairman of Apple’s Board of Directors, announced in Shanghai that Apple Intelligence and Alibaba’s QianWen large language model (LLM) have secured approval. A beta version, excluding Siri AI, is set to be released in late October. The initial features will encompass real-time translation, writing aids, photo editing tools, and more. Moreover, this year’s Tmall Double 11 shopping festival will officially commence at 8 PM on October 20, boasting the largest-ever selection of participating products and introducing AI services for the first time. Model providers like Zhipu, MiniMax, and QianWen will offer discounts, enabling consumers to purchase tokens at reduced prices.