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China Merchants Group, Baidu Sign Strategic Co-op Framework Deal
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China Merchants Group Chairman Miao Jianmin and BIDU-SW (09888.HK) (BIDU.US) founder Robin Li have signed a strategic cooperation framework agreement in Shenzhen.

During their meeting, Miao said that AI is a key focus for China Merchants Group's next leg of development. Through the agreement, he hopes that both sides can deepen cooperation in digital intelligence, equity investment, finance, logistics, and property management and leasing, particularly in cloud computing, AI large models, and innovative pharmaceuticals.

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Li also expressed anticipation for future collaboration in areas such as large model applications, Agents, and digital humans or employees.
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