On April 27, Baidu Group-SW (9888.HK) delivered an impressive performance on the Hong Kong stock market. Its intraday surge exceeded 5%, propelling the stock price to HKD 127.7, which represents a new high since February 26. Everbright Securities recently issued a research report, reaffirming its "Buy" recommendation for Baidu and expressing a positive outlook on the value of Baidu's AI ecosystem. There is a growing anticipation in the market regarding Baidu's capacity to convert AI commercialization into tangible revenue growth.

In the realm of business operations, Baidu Alliance made a significant move by launching its overseas App business on April 24. This initiative introduced a Hybrid model and was accompanied by a special support plan worth USD 100 million. Presently, the platform has successfully onboarded over 10,000 App advertisers, with more than 80% of the budgets originating from overseas local direct clients.