Alibaba Likely to Benefit from AI Partnership with Apple
Dow Jones
Nov 02
Alibaba is likely to benefit from its partnership with Apple, Citi analysts say in a note. "We view Apple's selection of Alibaba's Qwen models to power Apple Intelligence in China as a meaningful endorsement of Alibaba's... AI technology," the analysts say.
The partnership is likely to help Alibaba generate incremental cloud demand, they say. It is also a further evidence of Qwen's leadership within China's foundation-model landscape, they say.
Citi maintains a buy rating and a target price of US$193.00. Its ADRs last traded at US$98.04.
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