Baidu Inc. shares rose nearly 4% in Hong Kong trading Monday, extending recent gains as investors focused on the company's accelerating artificial intelligence businesses, progress toward a dual-primary listing and the approach of its next earnings report.

The stock closed at 109.90 Hong Kong dollars, up 4.00 dollars or 3.78%, after trading as high as 110.50 dollars during the session. The advance came amid broader interest in Chinese technology shares, particularly those with visible AI exposure.

Baidu has increasingly positioned itself as an AI-first company. In its first-quarter results reported in May, the core AI-powered business exceeded half of Baidu General Business revenue for the first time. That segment generated 13.6 billion yuan, a 49% increase from the year-earlier period and accounted for 52% of general business revenue.

"These results confirm that AI has clearly become the primary growth driver of Baidu," Chief Executive Robin Li said during the earnings discussion. He also noted that the milestone "marking a clear signal that AI has become the core driver of Baidu."

Within the AI portfolio, AI Cloud Infrastructure revenue rose 79% year over year to 8.8 billion yuan, while GPU cloud revenue accelerated 184%. AI-native marketing services grew 36%. The company has........

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