On September 15, China Merchants Group and Baidu Group signed a strategic cooperation framework agreement in Shenzhen. China Merchants Group Chairman Miao Jianmin held talks with Baidu founder Robin Li and witnessed the signing. China Merchants Group Deputy General Manager Deng Renjie and Baidu Group Executive Vice President Shen Dou signed the agreement on behalf of both parties. China Merchants Group Deputy General Manager Jiang Tiefeng, Assistant General Manager, Board Secretary, and Group Office Director Zhang Junli, along with Baidu Group Vice President Yuan Fuyu, attended the event.

Under the agreement, both parties will actively leverage their respective strengths through close collaboration to pursue cooperation in fields such as science and technology innovation industries, transportation and logistics, integrated financial services, and real estate parks. This will establish a mutually beneficial and sustainable strategic partnership, enabling resource sharing, complementary advantages, mutual benefit, and joint development.

Prior to the signing ceremony, both parties held talks and exchanged views.

Miao Jianmin outlined China Merchants Group's development journey and the latest progress across its four major business segments. He stated that the Group was born out of self-reliance and prosperity, flourished through reform and opening-up, and has grown stronger in the new era's journey. Currently accelerating the transformation and upgrading of traditional industries, it is anchoring its efforts in three key sectors—digital intelligence technology, life sciences, and green technology—while actively cultivating strategic emerging industries, achieving new milestones in high-quality development. China Merchants Group and Baidu Group share a solid foundation for collaboration. Artificial intelligence is a key focus for China Merchants Group's next phase of development. By signing this agreement, we aim to deepen cooperation in digital intelligence, equity investment, finance, logistics, property management, and leasing. Particular emphasis will be placed on strengthening collaboration in cloud computing, AI large models, and innovative pharmaceuticals, propelling our partnership to new heights.

Robin Li outlined Baidu Group's latest developments and emerging trends in artificial intelligence technology. He noted that China Merchants Group, with over 150 years of rich heritage, continues to maintain both substantial scale and agile responsiveness, demonstrating forward-thinking vision in strategic planning and technological application—an approach worthy of emulation. Currently, large AI model technology has reached a critical juncture, accelerating its transition from breakthroughs to large-scale implementation while unlocking value in real industrial scenarios. Looking ahead, both parties look forward to collaborating on applications of large models, intelligent agents, and digital humans/digital employees. By focusing on specific business scenarios, they aim to jointly create quantifiable and sustainable industrial intelligence outcomes.

Prior to the talks, Robin Li and his delegation toured the China Merchants Group Historical Museum to gain an in-depth understanding of the group's 150-year development journey.

Representatives from relevant departments of Baidu Group, as well as responsible personnel from relevant departments of China Merchants Group, its subsidiary companies, and China Merchants Bank, attended the event. (Contributed by the Group Office)