Alibaba Stock Falls On Report That Apple AI Partnership Is Under Scrutiny
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Alibaba Group stock slipped Monday on a report that its partnership with Apple to power AI features on iPhone in China is under U.S. scrutiny. New China consumer spending data also raised potential concerns for Alibaba's giant e-commerce business. The Trump administration and congressional officials have been scrutinizing Apple's plan to use Alibaba's algorithms on iPhones in China, according to a Saturday report from the New York Times.
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