According to the Securities Times app, Citigroup released a research report stating that further cooperation between the main internet platforms Alibaba-SW (09988) and JD Logistics (02618) may indicate their focus on improving user and merchant experiences, strengthening brand awareness among partners and stakeholders, and becoming more inclusive industry participants.

The bank believes that this cooperation may also indicate that leading internet companies are working together to jointly drive consumer recovery, more importantly, improving the synergy of merchants' multi-store operations to help them reduce operating costs and increase merchant profits. This may also indicate that major platforms, while maintaining benign and necessary competition, will prioritize the experience of users and merchants, avoiding excessive and irrational competition.

With a series of supportive regulatory policy announcements, Citigroup believes that the internet industry in China will face multiple revaluations, and the basic profit margin situation may enter an upward adjustment cycle as the Chinese economy rebounds.