On July 16, Baidu Group-SW rose 3.81% in regular trading, trading at 111.3 HKD/share, with turnover of HKD 165 million. The stock opened higher at 108.8 HKD before extending gains through the session.

On the news front, Apple is reportedly partnering with Baidu to co-develop an AI-based search function as part of the Apple Intelligence suite for the Chinese market. The collaboration aims to enable processing of images and text while upgrading the Chinese version of Siri voice assistant. Market participants view this partnership as a significant new growth catalyst for Baidu's AI cloud business, boosting confidence in its AI commercialization prospects.

Notably, just two days prior, Baidu shares had fallen over 7% after Morgan Stanley flagged continued weakness in its core advertising business, projecting Q2 ad revenue of RMB 13 billion, down 18.5% year-over-year. The Apple partnership announcement appears to have partially offset bearish sentiment by highlighting Baidu's AI monetization potential beyond traditional search advertising.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)