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Apple has reportedly secured approval to launch Apple Intelligence in China with help from Alibaba and Baidu, raising new geopolitical questions.

This is a key step towards rolling out Apple Intelligence in the world’s biggest smartphone market. Read more at straitstimes.com. Read more at straitstimes.com.

Apple trades near all-time highs; the current valuation appears unsustainable given mounting risks and a forward P/E of ~35x.