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Alibaba climbs on launch of new Qwen3 AI models for Apple's MLX architecture

ReutersJun 17, 2025 3:28 AM

** Hong Kong shares of Alibaba Group 9988.HK climb 2.3% to HK$115.5; second session of rise

** Tops the chart of most actively traded stocks by turnover

** Alibaba at its highest level since June 12, on track for biggest one-day pct gain since June 9

** U.S.-listed stock BABA.N rose 2.7% on Monday

** China's tech giant said on Monday that it has launched new Qwen3 AI models for Apple's AAPL.O MLX architecture

** The new models would be able to run on a range of Apple devices, including iPhone, iPad, MacBook and Mac, Alibaba said

** Hang Seng Tech Index .HSTECH slips 0.1%, Hang Seng Index .HSI eases 0.2%

** YTD, Hong Kong-listed stock up 40.2%

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