On Monday, Apple Inc. (NASDAQ:AAPL) is preparing to open preorders for its new iPhone Air in China later this week, following regulatory approval for eSIM services by the country's three largest telecom operators.China Approves eSIM Services Ahead Of iPhone Air LaunchChina's Ministry of Industry and Information Technology confirmed that China Mobile, China Telecom and China Unicom have all received regulatory clearance to provide trial eSIM services, reported Reuters.The decision paves the way for the iPhon ...

Core Insights - Alibaba is positioning itself for a significant resurgence beyond e-commerce, leveraging a new AI model and substantial buyback funds [1] Group 1: Company Developments - Alibaba has introduced a powerful new AI model, indicating a strategic shift towards technology innovation [1] - The company has billions allocated for stock buybacks, suggesting confidence in its future performance and potential stock price appreciation [1] Group 2: Market Implications - There is speculation that Alibaba could be a hidden gem in the AI revolution, with Wall Street potentially overlooking its growth prospects [1]