Embodiments of the present disclosure provide a solution for multimodal data processing. A method comprises: obtaining image data and text data; and extracting a target visual feature of image data and a target textual feature of text data using a feature extraction model. The feature extraction model comprises alternatively deployed cross-modal encoding parts and visual encoding parts. The extracting comprises: performing, using a first cross-modal encoding part of the feature extraction model, cross-modal feature encoding on a first intermediate visual feature of the image data and a first intermediate textual feature of the text data, to obtain a second intermediate visual feature and a second intermediate textual feature; performing, using a first visual encoding part of the feature extraction model, visual modal feature encoding on the second intermediate visual feature, to obtain a third intermediate visual feature.