On September 9, BIDU-W rose 3.18% in regular trading, trading at 92.6 HKD/share, with turnover of 4.19 billion HKD. The stock was lifted by a dual catalyst of index inclusion and share repurchases.

The Hong Kong Stock Exchange announced that BIDU-W will be added to the HKEX Tech 100 Index and the Tech & US Tech 100 Index, effective after market close on September 11 and formally implemented on September 14. The inclusion is expected to generate passive fund allocation demand as index-tracking portfolios adjust their holdings.

Simultaneously, BIDU-W conducted share buybacks on September 7 and September 8, repurchasing 545,000 and 554,150 Class A ordinary shares respectively, at prices ranging from 89.05 to 92.35 HKD per share, totaling approximately 100 million HKD. These marked the company's first buybacks since completing its dual primary listing on September 1. The buyback authorization, approved on August 26, permits the repurchase of up to 273,356,149 shares. The company had also been included in the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programs effective September 7, broadening its mainland investor access.

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