CCBI released a report, retaining an Outperform rating for BIDU-SW (09888.HK) -0.300 (-0.367%) Short selling $130.40M; Ratio 19.389% , with a TP reduced from HKD101.04 to HKD96.57.Baidu's AI initiatives are set to continue progressing in 1Q25, driving a 42% YoY upswing in cloud revenue, and a rising ratio of mobile search results containing GenAI content, from 22% in January to 35% in April.Related NewsG Sachs Drops TPs for BIDU's H-shrs/ US Stock to $94/ US$96, Keeps Rating BuyManagement plans to accelerate the AI transformation of the search business, whereas the broker expected the proportion of Baidu's GenAI content to excel 50% by mid-year.Although GenAI search is still in the early stages of commercialization, its increasing proportion will inevitably impact traditional search inventory and related advertising revenue, which is a key consideration for lowering expectations for the recovery of Baidu's core advertising business. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-27 16:25.)