Group 1 - Alibaba launched the world's first enterprise-level AI-native work platform "Wukong," enabling teams and companies to have a 24/7 operational "lobster army" [2] - Baidu's DuClaw has integrated with Xiaodu, providing more intelligent services such as scheduling and weather updates, enhancing user experience [2] - Lenovo and NVIDIA jointly released the new Lenovo Hybrid AI Advantage™ solution at GTC 2026, aiming to accelerate AI deployment and reduce token processing costs by 90% compared to the previous generation [3] - NVIDIA introduced several AI-related products at the GTC conference, including the "NemoClaw" software stack and the new AI computing platform "Vera Rubin," which is expected to achieve 10 times the performance per watt compared to the previous generation [3] Group 2 - The new generation of Vera Rubin systems boasts a throughput increase of 10 times and a single token cost reduction to one-tenth of the previous generation, facilitating faster deployment and lower costs [3] - NVIDIA's new language processing unit (LPU) chip, based on technology from startup Grok, can enhance token generation efficiency by approximately 35 times when used with the Vera Rubin platform [3]

Group 1 - The article highlights a breakthrough in AI research by a team led by a 17-year-old student, which has garnered attention from tech leaders including Elon Musk. The new architecture, "Attention Residuals," significantly improves training efficiency for large models [2] - Ant Group's chairman, Jing Xiandong, donated 130 million yuan to Shanghai Jiao Tong University to support the "AI Future Foundation" [4] - Xiaomi's founder, Lei Jun, addressed the impact of the early discontinuation of the first-generation SU7 model on sales, while also announcing a brand ambassador for Xiaomi Auto [6] Group 2 - Didi's AI ride-hailing assistant, Xiao Di, has launched its v1.0 version, supporting over 90 service tags and enhancing user experience in complex travel scenarios [10] - ByteDance's planned launch of its AI glasses has been delayed, with insiders indicating that the first-generation product is unlikely to be released due to a lack of market differentiation [12] - Tencent Music reported a total revenue of 32.9 billion yuan for the year, with a 15.8% year-on-year growth, and announced a cash dividend of approximately 368 million USD [13] Group 3 - OpenAI is preparing for an IPO, potentially by the end of this year, focusing on enterprise-level business [18] - Nvidia's CEO, Jensen Huang, discussed collaborations with Chinese automakers, emphasizing the unified architecture for sensors and computing platforms [12] - Audi's global CEO denied rumors of a merger between its two Chinese joint ventures, stating that the current partnership model is beneficial [19]

Core Viewpoint - Baidu has launched a suite of AI products based on the OpenClaw framework, aiming to capitalize on the growing domestic interest in AI agents that can perform complex tasks with minimal human input [1][2]. Group 1: Product Offerings - The new AI products, referred to as "lobsters," include desktop software, cloud services, mobile tools, and smart-home devices designed to execute multi-step tasks such as video editing, presentation creation, research, and ordering coffee [2]. - Baidu's agent ecosystem features the DuMate desktop assistant, the RedClaw mobile platform, and the DuClaw cloud service, which allows users to deploy agents without hardware configuration [4]. Group 2: Market Context - The rapid global adoption of OpenClaw has led to a burgeoning community in China, with tech giants like Alibaba, Tencent, and Baidu launching OpenClaw-based products to explore new revenue streams [3]. - Baidu's initiative comes as it seeks to reclaim its position in China's AI chatbot market, which has seen increased competition from rivals like Bytedance's Doubao, Tencent's Yuanbao, and Alibaba's Qwen [5]. Group 3: Industry Insights - The co-founder of Pundi AI noted that OpenClaw-style tools are gaining traction in China, as users are accustomed to super-app ecosystems, which have familiarized the public with AI at scale [6].

Corporate Structure and Governance - Baidu reported its audited annual performance for the fiscal year ending December 31, 2025[3]. - As of December 31, 2025, Baidu had issued 2,197,993,760 shares of Class A common stock and 524,020,320 shares of Class B common stock[9]. - The company is listed on NASDAQ under the ticker symbol BIDU, with each American Depositary Share representing eight shares of Class A common stock[1]. - Baidu's financial statements are prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP)[10]. - The company has a dual-class share structure, with Class A shareholders having one vote per share and Class B shareholders having ten votes per share[1]. - Baidu's annual report is available on the Hong Kong Stock Exchange website and its own investor relations website[3]. - The board of directors includes CEO Robin Li and several independent directors[4]. - Baidu is classified as a large accelerated filer under SEC regulations[10]. - The company has confirmed compliance with internal control requirements as per the Sarbanes-Oxley Act[10]. Financial Performance - Baidu Group's revenue for 2023 was RMB 134,598 million, a slight increase from RMB 123,675 million in 2022, but projected to decrease to RMB 133,125 million in 2024 and further to RMB 129,079 million in 2025[47]. - The total cost and expenses for 2023 were RMB 112,742 million, compared to RMB 107,764 million in 2022, with a projected increase to RMB 111,855 million in 2024 and RMB 134,902 million in 2025[47]. - Operating income for 2023 was RMB 21,856 million, up from RMB 15,911 million in 2022, but expected to decline to RMB 21,270 million in 2024 and show a loss of RMB 5,823 million in 2025[47]. - Net profit attributable to Baidu Group for 2023 was RMB 20,315 million, compared to RMB 7,559 million in 2022, with projections of RMB 23,760 million in 2024 and RMB 5,589 million in 2025[47]. - Baidu Group has not declared or paid any cash dividends to date, but plans to announce its first dividend in 2026, subject to board approval based on financial performance and market conditions[45]. - Cash and cash equivalents as of December 31, 2023, were RMB 25,231 million, a decrease from RMB 53,156 million in 2022, with projections of RMB 24,832 million in 2024 and RMB 24,606 million in 2025[47]. - Total assets increased to RMB 406,759 million in 2023 from RMB 390,973 million in 2022, with further growth expected to RMB 427,780 million in 2024 and RMB 449,157 million in 2025[47]. - Total liabilities decreased to RMB 144,151 million in 2023 from RMB 153,168 million in 2022, with projections of RMB 144,168 million in 2024 and an increase to RMB 159,431 million in 2025[47]. Variable Interest Entities (VIEs) and Regulatory Risks - The variable interest entities (VIEs) contributed external revenue of 45%, 44%, and 50% to the total external revenue for the years ending December 31, 2023, 2024, and 2025, respectively[23]. - The contractual arrangements allow the company to receive significant economic benefits from the services provided by its subsidiaries and effectively transfer all voting rights related to the equity of the VIEs[24]. - The company may incur substantial costs due to the implementation of the contractual arrangements, and the effectiveness of these arrangements in controlling the VIEs may not be as strong as direct ownership[26]. - There is significant uncertainty regarding the interpretation and application of current and future laws and regulations in mainland China concerning the contractual arrangements with VIEs[27]. - The company’s revenue primarily comes from its subsidiaries in mainland China and contractual arrangements with VIEs, which may be classified as foreign investment under future laws[28]. - The company faces significant risks related to its contractual arrangements with variable interest entities, which may impact its ability to consolidate these entities in financial statements[30]. - Uncertainties in the Chinese legal system could lead to substantial adverse changes in the company's operations and the value of its American depositary shares[32]. - Regulatory risks in China, including those related to overseas issuance approvals and data privacy, may severely restrict the company's ability to sell securities to investors[31]. - The company has been identified as a U.S. Securities and Exchange Commission (SEC) registrant under the Holding Foreign Companies Accountable Act (HFCAA), which could lead to trading prohibitions if certain audit conditions are not met[34]. Cash Flow and Investments - The company reported a net cash outflow from operating activities of RMB 3.01 billion for the year ending December 31, 2025[57]. - Total liabilities reached RMB 144.17 billion, with current liabilities accounting for RMB 80.95 billion[56]. - The company provided short-term loans of RMB 10.7 billion (USD 1.5 billion) and long-term loans of RMB 29.9 billion (USD 4.3 billion) to variable interest entities as of December 31, 2025[55]. - The net cash used in investing activities was RMB 25.14 billion for the year ending December 31, 2025[57]. - Cash generated from financing activities was RMB 17.14 billion for the year ending December 31, 2025[57]. - The company anticipates continued business expansion and user growth, necessitating improvements in operational and financial systems to manage increased employee numbers and maintain good labor relations[127]. Market and Competitive Landscape - Baidu faces significant risks related to customer retention and attracting new clients in a competitive online marketing environment[65]. - The company has experienced revenue slowdown and potential net losses, indicating pressure on operating performance and profit margins[65]. - Online marketing services remain the primary revenue source, with expected revenue decline in 2024 and 2025 due to AI transformation and adverse macroeconomic conditions[72]. - The company is facing challenges in retaining existing online marketing clients and attracting new ones, which could severely impact business performance and future prospects[69]. - The increasing prevalence of AI search engines and virtual assistants is fundamentally changing user behavior, potentially reducing platform traffic and advertising effectiveness[72]. - The company acknowledges the risk of losing clients if their online marketing investments do not generate expected sales leads[69]. - The company faces intense competition across various business areas, particularly in its core business, which has been redefined as general business since Q4 2025, with significant competitors including internet companies, online marketing platforms, and AI service providers[79]. Technology and Innovation - The company has invested substantial resources in AI technology development, achieving significant progress in smart cloud infrastructure, AI applications, and AI-native marketing services, with plans to continue funding these initiatives[83]. - The rapid development of AI technology presents significant uncertainty, and the company cannot guarantee the success of its investments in AI and core AI new businesses[83]. - The company is exploring new markets such as robotaxis, smart EVs, e-commerce, short videos, and healthcare, but faces unpredictable risks and regulatory challenges[85]. - The company is adopting a light-asset model for its robotaxi business, which may involve significant maintenance costs and warranty obligations[85]. - The company faces challenges in developing effective local sales and marketing strategies in diverse jurisdictions, impacting its international business[188]. Legal and Regulatory Compliance - The company is involved in multiple legal litigations and investigations that could negatively affect its reputation and business operations, with potential high costs if outcomes are unfavorable[99]. - Legal outcomes could lead to significant compensatory, punitive, or treble damages, which may adversely impact the company's financial condition and operating performance[100]. - The company faces risks related to user-generated content on its platforms, which could lead to legal claims and investigations affecting management focus and financial resources[102]. - The company has faced criticism and regulatory actions against several of its applications since early 2021, indicating a heightened focus on data protection by regulatory bodies[142]. - Non-compliance with data privacy and protection laws could result in significant reputational damage and operational impacts, including fines and loss of business[142]. Brand and Reputation Management - The brand "Baidu" is crucial for business success, and any negative publicity could significantly harm business performance[73]. - The company acknowledges the potential for negative publicity to adversely affect its brand image and business performance[74]. - The company recognizes the importance of maintaining user trust to enhance engagement and loyalty[200]. - Ongoing concerns about information security may lead to increased vigilance in the company's operational strategies[199]. Financial Services and Investments - Baidu has divested a significant portion of its financial services business, now known as Du Xiaoman, which operates a one-stop financial service platform[118]. - Regulatory changes in China's internet finance sector may impact Du Xiaoman's operations, necessitating compliance with new policies and guidelines[120]. - The company holds non-controlling interests in Du Xiaoman and cannot guarantee compliance with applicable laws and regulations, which may expose the company to reputational risks if Du Xiaoman is deemed non-compliant[123]. International Operations and Geopolitical Risks - The U.S. government has implemented policies to restrict certain Chinese companies from supplying goods or operating in the U.S. market, including the Clean Network initiative and export controls on semiconductors since 2022[171][173]. - The implementation of these export controls may significantly hinder the ability of Chinese companies to acquire advanced semiconductor technologies, affecting their competitiveness and operational capabilities[173]. - The ongoing geopolitical tensions and regulatory changes may adversely affect the company's user experience and reputation in the U.S. and India[172].

Core Viewpoint - Baidu has advanced beyond competitors in the AI industry by launching a comprehensive suite of AI applications, referred to as the "lobster family bucket," which includes various tools and capabilities designed for ease of use and deployment [1][8][80]. Group 1: Product Launches and Innovations - Baidu introduced multiple AI products, including the DuMate desktop AI assistant and the world's first "home lobster" application, enhancing its ecosystem [4][33]. - The Baidu search Skill has achieved over 45,000 downloads, making it the most downloaded official Skill on the global search engine platform [2][44]. - Baidu's new DuClaw service allows zero-deployment for users, eliminating the need for technical knowledge and simplifying the use of AI tools [26][27]. Group 2: Ecosystem Development - Baidu has established a complete ecosystem that integrates cloud deployment, mobile applications, and zero-deployment capabilities, making AI tools accessible and manageable [7][81]. - The company has focused on transforming AI from a mere installation process to a fully functional and scalable productivity system [15][80]. - Baidu's AI capabilities are packaged into standardized Skills, addressing various user needs and enhancing the overall user experience [38][42]. Group 3: Market Position and Strategy - Baidu's strategy emphasizes not just enabling users to deploy AI but also ensuring they can effectively use, manage, and expand their AI capabilities [15][80]. - The company has positioned itself as a leader in the AI space by leveraging its full-stack AI layout, which includes proprietary chips, cloud services, and model capabilities [65][82]. - As the industry shifts focus from deployment to practical application, Baidu is ahead in providing solutions that allow users to integrate AI into their daily operations [78][81].

Core Insights - The article discusses the rapid development of artificial intelligence (AI) technology and its potential investment opportunities, particularly focusing on AI-related companies and market trends [3]. Group 1: Nvidia Developments - Nvidia's CEO Jensen Huang announced at the annual developer conference that the company's next-generation AI acceleration chips are expected to generate at least $1 trillion in revenue by the end of 2027 [5]. - Huang emphasized that the AI inference market has reached a turning point, with demand for inference computing power expected to grow exponentially [5]. - Nvidia plans to collaborate with the startup "Grok," which specializes in inference technology, to launch AI server systems aimed at the low-cost, low-latency inference computing sector [5]. Group 2: Huawei Innovations - Huawei introduced a new AI data infrastructure aimed at enhancing AI inference scenarios, which includes an AI data platform for central training and inference, as well as the FusionCube A1000 hyper-converged system for edge inference [6]. - The new infrastructure is designed to improve AI inference experiences, accelerate inference efficiency, and lower deployment barriers for AI applications [6]. Group 3: Baidu and Alibaba Initiatives - Baidu launched "Home Xiaolongxia," a product that integrates OpenClaw's complex task capabilities into home environments during its AI Day event [7]. - Alibaba unveiled the world's first enterprise-level AI-native work platform called "Wukong," which aims to provide teams and companies with a 24/7 operational support system [8]. Group 4: Meta's AI Investments - Meta Platforms Inc. plans to invest up to $27 billion over the next five years to utilize AI infrastructure from Nebius Group NV, aiming to compete in advanced AI model development [10]. - Starting in early 2027, Nebius will provide Meta with $12 billion worth of dedicated computing power, with an additional commitment of up to $15 billion for extra computing resources [10]. Group 5: xAI's Strategic Moves - Elon Musk's AI startup xAI is hiring financial experts to enhance the financial strategy capabilities of its Grok chatbot, positioning itself competitively in the investment software market [11]. Group 6: Nvidia's New AI Frontiers - Nvidia announced the launch of the Vera Rubin platform, which is set to advance "Agentic AI" with seven new chips entering mass production, optimizing every stage from pre-training to inference [12].

Investment Rating - The report does not explicitly state an investment rating for the cloud computing industry or the specific ETFs mentioned. Core Insights - The AI technology innovation cycle is divided into two halves: the first half focuses on model and method innovation, while the second half emphasizes problem definition and the integration of AI into real-world applications, with a focus on application value [4][7]. - The CSI Cloud Computing 50 Index comprehensively covers the entire cloud computing industry chain, balancing hardware and software, and aims to capture both AI computing infrastructure benefits and software growth opportunities [4][9]. - The report highlights that the cloud is a core component in the second half of the AI technology cycle, where the focus shifts from training to inference, making cloud computing essential for AI applications [7][79]. Summary by Sections Cloud Computing Overview - Cloud computing is defined as the centralized management and dynamic allocation of resources via the internet, likened to utilities like water and electricity [18]. - The global cloud computing market reached a size of 586.4 billion yuan in 2023, with a growth rate of 19.4%, and is expected to exceed one trillion dollars by 2027 [20]. AI's Impact on Cloud Computing - AI is creating new demands in the IaaS and MaaS layers, particularly for large model calls and custom model needs, leading to a shift in cloud service architectures [8][82]. - The business model for cloud computing is anticipated to transition from resource pricing to value pricing, which could enhance gross margins for cloud resources in the long term [8][85]. CSI Cloud Computing 50 Index - The index includes companies providing IaaS, PaaS, and SaaS, selected based on liquidity, growth potential, and market capitalization, ensuring a balanced representation of the cloud computing sector [9][10]. - The index has shown strong performance compared to mainstream indices, indicating its long-term investment value [9]. New Investment Opportunities - The report emphasizes the growth potential in the AI large model solutions market and the MaaS market, both expected to experience rapid growth in the coming years [87][88]. - The integration of GPU, cloud, and AI is seen as a significant growth driver, allowing cloud providers to differentiate their services and enhance their competitive edge [8][94].

Corporate Structure and Regulatory Compliance - Baidu's external revenues from variable interest entities accounted for 45%, 44%, and 50% of total external revenues for the years ended December 31, 2023, 2024, and 2025, respectively[25]. - The company operates primarily through subsidiaries in mainland China and contractual arrangements with variable interest entities to comply with local regulations[25]. - Baidu has obtained various licenses and permits from PRC government authorities essential for its operations, including the Value-Added Telecommunication Business Operating License and the Internet News Information Service License[30]. - The company is subject to the Holding Foreign Companies Accountable Act, which could impact trading of its shares if audit reports are not issued by PCAOB-inspected firms for two consecutive years[29]. - Baidu's corporate structure involves a Cayman Islands holding company with operations conducted through its subsidiaries and variable interest entities in mainland China[25]. - The company has not been required to obtain permission from the China Securities Regulatory Commission or undergo cybersecurity reviews by the Cyberspace Administration of China for its historical issuance of securities[32]. - Baidu's financial statements are consolidated based on contractual arrangements with variable interest entities, which poses unique risks to investors[25]. - The PCAOB has recently been able to inspect audit firms in mainland China and Hong Kong, which affects Baidu's status under the HFCAA[29]. - The company emphasizes the importance of regulatory compliance and the potential need for additional licenses or approvals in the future due to evolving laws[30]. Financial Performance - For the years ended December 31, 2023, 2024, and 2025, Baidu, Inc. reported revenues of RMB 134.6 billion, RMB 133.1 billion, and RMB 129.1 billion (US$ 18.5 billion) respectively, showing a decline in revenue from 2023 to 2025[44]. - The total costs and expenses for the same years were RMB 112.7 billion, RMB 111.9 billion, and RMB 134.9 billion (US$ 19.3 billion) respectively, indicating an increase in costs in 2025[44]. - Baidu, Inc. achieved a net income of RMB 21.5 billion, RMB 24.2 billion, and RMB 5.5 billion (US$ 780 million) for the years 2023, 2024, and 2025 respectively, reflecting a significant drop in net income in 2025[44]. - The cash and cash equivalents decreased from RMB 25.2 billion in 2023 to RMB 24.6 billion in 2025[44]. - Baidu, Inc. has not declared or paid any cash dividends as of the end of 2025, but plans to adopt a dividend policy in the first quarter of 2026[42]. - The variable interest entities received capital contributions or loans of RMB 1.5 billion, RMB 9.8 billion, and RMB 20.7 billion (US$ 3.0 billion) for the years 2023, 2024, and 2025 respectively[36]. - Baidu, Inc. expects to declare the first payment of dividends in 2026, subject to board approval based on financial performance and market conditions[42]. - As of December 31, 2023, the total assets of Baidu, Inc. were RMB 406.8 billion, increasing to RMB 449.2 billion by 2025[44]. - The company’s total liabilities decreased from RMB 144.2 billion in 2023 to RMB 159.4 billion in 2025[44]. - Baidu, Inc. is subject to restrictions on paying dividends and transferring net assets from its subsidiaries in Chinese mainland, with restricted amounts totaling RMB 48.0 billion, RMB 48.1 billion, and RMB 40.4 billion (US$ 5.8 billion) for the years 2023, 2024, and 2025 respectively[34]. Market Competition and Business Challenges - Baidu's business operations are influenced by competition for capital, technology, and skilled personnel, as well as the ability to control costs and utilize assets effectively[20]. - The company faced significant competition and potential challenges in retaining existing customers and attracting new ones, which could adversely affect its business[65]. - Increased competition from AI-powered search engines and other online platforms is impacting user engagement and advertising budgets[72]. - The company may face significant competition from traditional advertising media, which could limit the allocation of marketing budgets to online services[82]. - The company is undergoing an AI transformation to develop new business lines and generate additional revenue streams[84]. - The company has faced substantial losses in its intelligent electric vehicles business due to unfavorable market conditions[87]. - The company may experience reputational harm or liability due to flaws in AI algorithms or data practices, impacting the adoption of its AI solutions[95]. - The company faces challenges in maintaining its leading position in the Chinese-language internet search market and attracting a larger user base[166]. Investments and Acquisitions - The acquisition of YY Live was completed for approximately $2.1 billion after initial negotiations and regulatory challenges[76]. - The company has made strategic investments, including in Trip.com Group Limited, and plans to pursue further acquisitions to complement its existing business[138]. - The company has made substantial investments in foundation models and generative AI, facing uncertainties regarding their commercialization and regulatory environment[65]. - Significant investments have been made in AI technology, particularly in generative AI and foundation models, with ongoing capital allocation for computing power and bandwidth[85]. Regulatory and Legal Risks - The evolving regulatory landscape in China, including the PRC Cybersecurity Law and Data Security Law, imposes strict obligations on data protection and could result in administrative burdens and penalties for non-compliance[140]. - The company is subject to potential cybersecurity reviews that could impact its operations and require significant compliance costs[143]. - Legal proceedings and investigations could adversely affect the company's reputation and financial results, with potential significant expenses if claims are resolved against the company[100][101]. - The company is currently involved in intellectual property infringement lawsuits related to various products and services, which could lead to significant financial liabilities and operational disruptions[137]. - The introduction of U.S. export control measures may limit the company's access to advanced semiconductor technologies, potentially hindering AI research and development efforts[183]. Operational and Supply Chain Risks - The company faces manufacturing, supply chain, distribution, and inventory risks that could negatively impact financial condition and operating results[116]. - Supply shortages and price increases may arise from factors like raw material availability and trade disputes, potentially disrupting operations[118]. - The company relies heavily on China Telecommunications Corporation, China United Network Communications Group, and China Mobile for network services and data center hosting, with limited alternatives available[203]. - Any unscheduled service interruptions from these telecommunications companies could damage the company's reputation and decrease revenue[203]. Cash Flow and Financing - The company received cash distributions from subsidiaries amounting to RMB 6.5 billion (approximately US$933 million) in 2025, compared to RMB 15.2 billion in 2024[56]. - The company may face challenges in obtaining additional capital due to its existing indebtedness, which could limit its ability to borrow on commercially reasonable terms[170]. - iQIYI's working capital deficit was reported as of December 31 for the years 2023, 2024, and 2025, with no assurance of improvement in its working capital position[172]. - The company recorded an impairment of long-lived assets amounting to RMB16.2 billion (US$2.3 billion) in 2025, which could adversely affect its financial condition and results of operations[197]. User Engagement and Brand Reputation - The brand "Baidu" is critical for attracting users and customers, and negative publicity could harm its reputation and business[73]. - Concerns regarding privacy practices could deter users and negatively impact business operations and financial condition[210]. - Defects or errors in products could harm customer trust and brand reputation, potentially leading to financial losses[208].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何 責任。 根據不同投票權架構，我們的股本包括A類普通股及B類普通股。對於提呈本公司股東大會投票的所有事宜，A類 普通股持有人每股可投1票，而B類普通股持有人則每股可投10票。股東及有意投資者務請留意投資不同投票權架 構公司的潛在風險。我們的美國存託股（每股美國存託股代表八股A類普通股）於美國納斯達克上市，股份代碼為 BIDU 。 Baidu, Inc. 百度集團股份有限公司 （於開曼群島註冊成立以不同投票權控制的有限責任公司） （股份代號：9888（港元櫃台）及89888（人民幣櫃台）） 內幕消息 董事會及委員會組成的變更 本公告乃由百度集團股份有限公司（「本公司」）根據香港聯合交易所有限公司證券上市 規則（「上市規則」）第13.09條及香港法例第571章證券及期貨條例第XIVA部項下刊發。 本公司宣佈，丁健先生（「丁先生」）已因個人工作安排變動辭任本公司董事會獨立董事、 本公司審計委員會及企業管治及提名委員會成員 ...

Baidu is betting on the breakout success of OpenClaw to offset a decline in its core business https://t.co/McbpyR4Oq4 ...