# Apple Intelligence China launch and market shifts

> Apple Intelligence beta testing in China by late October as CXMT loses 1 trillion yuan market value.
- Title: Apple Intelligence China launch and market shifts | Shortify
- Summary: Apple Intelligence beta testing in China by late October as CXMT loses 1 trillion yuan market value. Apple Intelligence gets regulatory approval for…
- Keywords: apple intelligence, tim cook, cxmt, tsmc, goldman sachs, meta, alphabet, midea, nvidia, chinese market, a shares, Apple
- Source: BigGo Finance — https://finance.biggo.com/news/ccf8bf97-c883-4ec3-89d6-3c3104979101
- Author: BigGo Finance
- Published: 2026-10-16T00:35:27+00:00
- Read time: 1 min
- Topics: apple intelligence, tim cook, cxmt, tsmc, goldman sachs, meta, alphabet, midea, nvidia, ai, chinese market, a shares
## Apple Intelligence China approval
Apple Executive Chairman Tim Cook confirmed Apple Intelligence and Alibaba's Qwen large language model received regulatory approval for late-October beta testing in China.

> We're pleased that the first core Apple Intelligence features can begin rolling out gradually
## Apple Intelligence features
Initial features include real-time translation, writing tools, and photo cleanup but not Siri AI.
## CXMT market value drop
CXMT lost over 1 trillion yuan in market capitalization over two months, falling to third place among A-shares.
## TSMC earnings report
TSMC reported third-quarter net profit up 68.7% year-over-year with full-year revenue expected to grow 44% in US dollar terms.
## Goldman Sachs capex forecasts
Goldman Sachs raised Meta and Alphabet capital expenditure forecasts to $220 billion and $350 billion by 2027.
## Nvidia MGX ecosystem
Midea named to Nvidia's MGX ecosystem thermal management partner list for next-generation AI platforms.
## AI safety concerns
Nvidia CEO urged customers to address AI safety concerns before halting chip supply for unsafe AI software.
## CoreWeave credit market stress
CoreWeave credit default swap spreads breached 1,000 basis points due to AI infrastructure capex concerns.
## Meituan county tourism
Meituan's report shows county-level tourist spending grew 30% of total consumption in first half of 2026.
## US economic indicators
US September producer price index rose 1.3% month-over-month, exceeding market expectations.
## Key takeaway

Apple Intelligence gets regulatory approval for late-October China beta testing while CXMT sheds over 1 trillion yuan in market value over two months.