HSBC, Baidu, Cathay, and Haitian Flavouring Feature in ETNet Market Roundup

HSBC, Baidu, Cathay Pacific, and Haitian Flavouring were among the companies in ETNet's latest market roundup, alongside a series of corporate updates, policy comments, and market moves. Haitian Flavouring completed its acquisition of Tao Ti Food, while CMB Capital fully sold its stake. Baidu said its Miaoda business application has surpassed 5 million users and launched what it called the industry's first commercial-order platform. Cathay Pacific said AI usage over the past year has doubled, adding that AI is meant to assist employees rather than replace them. Xiaomi also unveiled its Xiaomi-CocktailASR-1 speech-recognition large model. Tencent said it spent HK$100 million to buy back about 235,000 shares, according to ETNet.