HK Stock Market Move | BIDU-SW (09888) opens over 2% higher after earnings report, with total revenue of 31.2 billion yuan in the third quarter, and AI business revenue growth exceeding 50%.

BIDU-SW (09888) opened more than 2% higher after earnings report, as of the time of writing, it is up by 2.24%, trading at 113.9 Hong Kong dollars, with a total turnover of 48.9438 million Hong Kong dollars. On the news front, on the evening of November 18, Baidu released its financial report for the third quarter of 2025, reporting a total revenue of 31.2 billion yuan, with core revenue of 24.7 billion yuan. In the third quarter, Baidu disclosed AI business revenue for the first time, showing a year-on-year growth of over 50%. Among them, AI cloud revenue grew by 33% year-on-year; AI application revenue reached 2.6 billion yuan; AI native marketing services revenue grew by 262% year-on-year to 2.8 billion yuan. In the third quarter of 2025, Baidu's autonomous vehicle service Luobu Kuai Pao provided a total of 3.1 million fully autonomous driving operational orders, with a year-on-year growth rate accelerating from 148% in the previous quarter to 212%. In October 2025, Luobu Kuai Pao averaged more than 250,000 fully autonomous driving operational orders per week. As of November 2025, Luobu Kuai Pao has provided over 17 million autonomous driving travel service orders to the public.