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2026-11-02 14:10:19 Citi issued a research report stating that Apple's selection of BABA-W (09988.HK)'s Qwen model to power Apple Intelligence for the China market represents a significant endorsement of Alibaba's proprietary AI technology stack. As of Sep 2026, iOS accounted for a 32.09% share of China's mobile operating system market. Qwen's seamless native integration into major Apple Intelligence features including Siri, Writing Tools and Visual Intelligence provides Alibaba with a strategic channel to reach high-end smartphone users. The bank believes the partnership will not only help increase Qwen's user penetration and brand awareness, but is also expected to drive incremental cloud inference demand and potentially accelerate adoption of Alibaba's MaaS products. Apple's selection of Qwen highlights Alibaba's ability to meet high standards for performance, privacy and reliability, further demonstrating Qwen's leadership position in China's foundational model sector. The bank reiterated its Buy rating on Alibaba Group Holding Limited (BABA.US) with a USD193 TP. (ad/j)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |