Baidu Group-SW (09888) experienced a remarkable surge in its share price, climbing over 5%. At the time of reporting, the share price had risen by 5.01%, reaching HK$123.7, accompanied by a trading volume of HK$692 million.

On the news front, Baidu's self-developed autonomous driving platform, Luobo Kuaipao, has forged a partnership with PostBus, a subsidiary of the renowned Swiss Post. Together, they are set to introduce the autonomous driving mobility service, 'AmiGo', in Switzerland. This December, both entities will embark on preliminary fleet testing across three cantons in Switzerland, with the ambitious goal of achieving fully autonomous driving operations at the earliest opportunity.

A research report from BOCOM International highlighted that Baidu's core valuation rationale has undergone a transformation, now being significantly bolstered by advancements in AI. The company is undergoing a comprehensive transition towards AI, and its valuation is expected to undergo a long-term re-evaluation, primarily based on its AI technological prowess.