HK Stock Market Move | BAIGE DIGITAL (02672) opened nearly 3% higher, with MaaS service revenue in the first eight months growing approximately 579.8% year-on-year. The company has officially entered the Hong Kong Stock Connect.

BAIGE DIGITAL (02672) opened nearly 3% higher and as of the time of writing, it has risen 2.95%, priced at HKD 32.8, with a trading volume of HKD 1.6334 million. In terms of news, BAIGE DIGITAL announced that its self-developed MaaS business will continue to maintain rapid growth from January 1 to August 31, 2026, with the commercialization process further accelerating. During the reporting period, the group's revenue from MaaS services reached approximately RMB 47.4 million, a year-on-year increase of approximately 579.8% compared to around RMB 7 million for the same period in 2025. The sustained high growth of MaaS service revenue and the significant increase in service usage during the reporting period further validate the commercial viability of the group's technology output strategy. Recently, BAIGE DIGITAL was officially included in the Hong Kong Stock Connect eligible stocks list. According to data from Zhi Shi Consulting, the market size of the scene-based insurance market in China is expected to reach RMB 164.9 billion by 2029. In 2025, BAIGE DIGITAL ranked first in the field of third-party scene internet insurance intermediaries, holding a market share of 3.1%. According to the information disclosed in the prospectus, BAIGE DIGITAL has developed its own full-process SaaS application system "Bai Ge e-Bao," covering intelligent insurance applications, policy management, claims processing, and other aspects.