On October 27, 2025, Baidu Group-SW (9888.HK) witnessed a continued upward trajectory in late trading on the Hong Kong stock market, with its gains stretching to 6.5% and the stock price climbing to HK$125.5. In the context of the Chinese market, as per a report by Frost & Sullivan, the scale of the full - stack AI cloud services market in China hit RMB 25.9 billion in the first half of 2025. Alibaba Cloud emerged as the market leader, holding a 30.2% market share, while Baidu Intelligent Cloud trailed closely behind, securing a 22.5% share. Collectively, these two industry giants commanded over 50% of the market.
