According to CoinMeta, Citibank analysts stated in a report that Alibaba is expected to benefit from its collaboration with Apple. The analysts noted that Apple's choice of Alibaba's Tongyi Qianwen (qwen) model to support Apple's smart services in the Chinese market is a strong recognition of Alibaba's artificial intelligence technology. This collaboration is expected to bring additional cloud computing demand for Alibaba and further prove Tongyi Qianwen's leading position in the field of basic models in China. Citibank maintains a "buy" rating on Alibaba with a target price of $193.