Baidu Group-SW (09888) saw its shares climb more than 4% during afternoon trading. As of the time of writing, the stock was up 3.29%, trading at HK$153.7, with a turnover of HK$2.146 billion.
According to reports, as of January 20th, the monthly active users (MAU) for Baidu's Wenxin Assistant have surpassed 200 million, positioning it alongside Doubao and Qianwen as one of China's three major AI portals with user bases in the hundreds of millions.
Domestic reports indicate that Wenxin Assistant is an AI smart assistant launched within the Baidu App. Leveraging the Wenxin large model and the "Baidu Orion" AI engine, it achieves a deep integration of search and AI, functioning as a comprehensive partner capable of deep thinking, multimodal interaction, and full-scenario services.
A Citigroup report noted that Baidu is expected to announce its fourth-quarter 2025 financial results after the Lunar New Year. Market focus will likely center on management commentary regarding the listing progress of the Kunlun Chip, potential improvements in shareholder returns, and the year-on-year and quarter-on-quarter growth trends of AI-related revenues, including AI cloud infrastructure, AI applications, and autonomous taxi operational data.
UBS stated that, considering the Kunlun Chip's advantages in performance and revenue scale within the domestic AI chip market, the bank anticipates that potential upside has not yet been fully reflected in the stock price.
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