Be in the know. 12 key reads for Wednesday…

  1. Alibaba pairs with Apple to develop AI features for China iPhones: source  The US tech giant wants Alibaba’s Qwen AI model to make up for loss of Apple Intelligence on its iPhones in China (scmp)
  2. Alibaba’s Qwen powers top 10 open-source models as China AI know-how goes beyond DeepSeek (scmp)
  3. Billionaire investor David Tepper boosts China bet to 37% of his firm’s portfolio (scmp)
  4. Jack Ma visits second-hand marketplace Xianyu as Alibaba’s AI grabs attention (scmp)
  5. Is Intel now a Trump stock? Its shares surge after upbeat comments by J.D. Vance. (marketwatch)
  6. The Magnificent 7 Are So Last Year. Cash Cows Are the New Kings. (wsj)
  7. Powell Tells Congress Fed Still in No Rush to Lower Rates (bloomberg)
  8. China’s Xi Is Building Economic Fortress Against U.S. Pressure (wsj)
  9. China’s New Game Plan for Dealing With Trump Tariffs (bloomberg)
  10. Chinese stock bulls add to record buying spree in Hong Kong as DeepSeek fuels rally (scmp)
  11. Disney cuts diversity category from executive pay scheme (ft)
  12. David Tepper’s ‘Everything’ China Trade Has a New Plot (bloomberg)