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On June 18, 2025,
(BABA) experienced a trading volume of 13.69 billion, ranking 38th in the day's stock market activity. The stock price decreased by 1.34%, marking the second consecutive day of decline, with a total decrease of 2.13% over the past two days.Alibaba has recently launched its Qwen3 series models, optimized for Apple's MLX framework. This move is expected to enhance AI capabilities on
devices in China, potentially paving the way for future collaborations between the two tech giants. The Qwen3 models are designed to run directly on Apple's custom hardware, marking a significant advancement in localized AI deployment.In addition to its AI initiatives, Alibaba is also facing regulatory challenges. The European Union has escalated a probe against Alibaba's e-commerce service AliExpress, accusing it of failing to tackle the spread of illegal products on its platform. This regulatory scrutiny could impact Alibaba's operations and reputation in the EU market.
Despite these challenges, Alibaba continues to innovate and expand its AI capabilities. The company has recruited Li Xiangang, a leading Chinese scientist in speech recognition, to lead its AI voice team. This strategic hire is expected to boost Alibaba's capabilities in the burgeoning field of AI voice technology.
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