HK Stock Market Move | BAIGE DIGITAL (02672) surges over 10% in late trading as the company's valuation logic shifts toward a "vertical AI risk control application platform"

BAIGE DIGITAL (02672) rose over 10% in late trading, up 8.59% as of press time to HK$69.5, with a turnover of HK$56.0274 million. Public information shows that BAIGE DIGITAL uses scenario-based transaction services as an entry point to continuously acquire real-world high-frequency risk data, trains the Qingluan MoE vertical large model and the six major MaaS model matrix with the data, and embeds into customers' production processes for external output through the Baige e-Bao system. The company's pricing logic is facing a shift from a "project company" to a "vertical AI risk control application platform." It is worth mentioning that the company's MaaS scaling inflection point has begun to emerge. According to its previous disclosure, in the first eight months of this year, MaaS business revenue was RMB47.4 million, a year-on-year increase of 579.8%. The continued rapid growth of MaaS service revenue and the substantial rise in the number of service calls further verify the commercial feasibility of the group's technology output strategy.