Alibaba Group is trading at HK$104.00, up 3.38%, on November 5, 2026, with reports linking gains to Apple’s China testing of Apple Intelligence features powered by Alibaba’s Qwen. - Testing began November 4; reports do not establish it as the sole driver of the November 5 move. - November 4 U.S. market optimism may have added support, but the available market context does not confirm a direct link to the move.