DeepZero announces strategic partnership with Baidu
AI-based marketing services provider Beijing DeepZero Technology Co. Ltd. (2723.HK) said on Monday it has entered into a strategic partnership to develop intelligent services with a unit of internet search giant Baidu.
Under the agreement, DeepZero and Beijing Baidu Netcom Science Technology Co. Ltd. will co-develop services related to intelligent sales volume forecasting; intelligent supply chain optimization; and user insight and product matching. The pair will also jointly build integrated AI decision-making solutions.
DeepZero said the partnership is centered on its DeepAgent platform.
DeepZero’s stock fell 15.8% on Tuesday morning after the announcement to close at HK$43.38 by the midday trading break. The stock initially tripled after its trading debut in May, but has moved steadily downward since then and is now 22% below its IPO price of HK$55.50.
By Doug Young
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