BAIGE DIGITAL Surges Over 7% in Morning Trade as MaaS Revenue Jumps ~579.8% in First Eight Months

Deep News09:50

Shares of BAIGE DIGITAL (02672) opened more than 10% higher in the morning session, and by the time of writing, the stock was up 7.35%, trading at HKD 34.20 with a turnover of HKD 24.01 million.

The company announced that its self-developed MaaS (Model as a Service) business sustained rapid growth momentum from January 1 to August 31, 2026, with the pace of commercial deployment accelerating further. During the reporting period, the group's MaaS service revenue reached approximately RMB 47.4 million, representing a year-on-year surge of roughly 579.8% compared with about RMB 7 million in the same period of 2025.

The sustained high growth in MaaS service revenue and the substantial increase in service call volumes during the reporting period further validate the commercial viability of the group's technology export strategy. Recently, BAIGE DIGITAL was officially included in the list of eligible stocks for the Stock Connect scheme.

According to data from CIC Consulting, the scale of China's scenario-based insurance market is projected to reach RMB 164.9 billion by 2029. In 2025, BAIGE DIGITAL ranked as the leading third-party scenario-based internet insurance intermediary, securing the top position in this segment with a market share of 3.1%.

As disclosed in its prospectus, BAIGE DIGITAL owns a proprietary full-process SaaS application system called "Baige E-Bao," which covers key functions such as intelligent underwriting, policy management, and claims processing.

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