The Cyberspace Administration of China approved Apple to launch its Apple Intelligence services using Alibaba technology. This clearance enables the rollout of on-device generative AI features, including an upgraded Siri, across the Chinese market.

The move helps Apple narrow the competitive gap with local rivals Huawei and Xiaomi. It removes a major operational hurdle in the company's largest international market.

Apple's market capitalization reached $4.92 trillion following the news. The company surpassed Nvidia to reclaim its position as the world's most valuable firm.