Citigroup: The update of Alibaba's Qianwen app marks a major development in the era of AI intelligent bodies.

Citigroup believes that Alibaba Group's recent update of its Qianniu application is an important step in its foray into the era of AI intelligent body. Citigroup analysts stated in a report that this will be the world's first application to enable AI-driven shopping functions. These analysts suggest that Alibaba may increase its promotional budget in 2026 to support user adoption of the application. They argue that this will help the company address the "viral spread of AI intelligent bodies in real-world scenarios such as work efficiency and enriched personal lifestyle," and state that the latest update may signify the beginning of "the potential commercialization of consumer-level AI applications in China." Citigroup maintains its buy rating on Alibaba's American Depositary Receipts with a target price of $197.00, with the latest ADR trading at $169.90.