--- title: "[FOCUS] BAIGE DIGITAL's debut skyrockets, \"Smart Driving Hermit\" surpasses expectations" type: "News" locale: "en" url: "https://longbridge.com/en/news/291099181.md" description: "The insurance technology company BAIGE DIGITAL debuted on the Hong Kong stock market on Monday with a high opening of 292%. The smart driving solution company Momenta, which launched its IPO simultaneously, is also receiving significant attention. Although Momenta does not manufacture vehicles, it collects data through partnerships with multiple automakers, continuously optimizing its algorithms. By the end of last year, its solutions had been installed in over 680,000 vehicles, and it had established partnerships with 24 global automakers, with the proportion of licensing services in its revenue structure increasing" datetime: "2026-06-29T06:05:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/291099181.md) - [en](https://longbridge.com/en/news/291099181.md) - [zh-HK](https://longbridge.com/zh-HK/news/291099181.md) --- # [FOCUS] BAIGE DIGITAL's debut skyrockets, "Smart Driving Hermit" surpasses expectations \[FOCUS\] Insurance technology company BAIGE DIGITAL (02672) debuted on the Hong Kong stock market on Monday (29th) with a high opening of 292%, making it a winner in leveraging "scenario big data." At the same time, the intelligent driving solution company Momenta (06880), which launched its IPO, also relies on "self-driving big data" as its foundation, showcasing its emergence from the shadows. - "Tool Person" Eating "Hundreds of Families' Meals" \* Accidental insurance automatically configured for group travel, third-party liability insurance included with hourly workers, delay insurance offered as an option when purchasing tickets... When it comes to BAIGE DIGITAL, it seamlessly connects "specific scenarios (like Hello Bike, Feichangzhun)" with insurance products, earning commissions while assisting insurance companies in precise marketing. This approach of "eating from hundreds of families" is quite similar to Momenta. Unlike Huawei's "QianKun Intelligent Driving," XPeng's "Turing AI Intelligent Driving," or Tesla's FSD, the presence of the autonomous driving company Momenta seems to be overshadowed by the high-end intelligent driving assistance systems like BYD's "Heavenly Eye," Mercedes-Benz's MB.OS, and IM Motors' IM AD Max. - Data Collection: 10 Billion vs. 6 Billion \* In mid-April, Jin Yuzhi, CEO of Huawei's Intelligent Automotive Solutions BU, announced that "QianKun Intelligent Driving" had become the first in China to surpass 10 billion kilometers of assisted driving mileage; XPeng (09868) also announced earlier this month that its assisted driving mileage reached 84.46 million kilometers during the May Day holiday. Behind these figures is not only a high-profile construction of "scale barriers" but also a demonstration of the technological potential under the future "data flywheel." However, Momenta, which does not manufacture cars, has collected 70 million kilometers of golden data extracted from 6 billion kilometers by providing solutions to numerous automakers unwilling to relinquish brand dominance. This strengthens the safety level in critical and emergency situations, stating, "For every mile driven by vehicles equipped with our technology, our algorithms become smarter and more advanced." - "Licensing Service" Revenue Share Increases \* To some extent, Momenta's cleverness lies precisely in "not manufacturing a single car." The prospectus shows that by the end of last year, the company's intelligent driving solutions had been installed in over 680,000 mass-produced vehicles and established partnerships with 24 global automakers, making it a "hidden master" in the intelligent driving arena. Notably, the company's revenue increased from 742 million yuan in 2023 to 2.413 billion yuan last year, with gross profit margins soaring from 17.5% to 71.6%. A significant driver of this growth is the increase in the share of "licensing service" revenue from 3.1% to 40.1%, indicating that as more vehicle models enter mass production, Momenta will continue to receive more licensing service revenue throughout the lifecycle of those models. Whether it is BAIGE DIGITAL or Momenta, both remain behind the scenes yet have a keen insight into the most valuable scenarios and data, perhaps embodying the most clear-headed and astute approach in an industry characterized by intense competition ### Related Stocks - [02672.HK](https://longbridge.com/en/quote/02672.HK.md) - [09868.HK](https://longbridge.com/en/quote/09868.HK.md) - [XPEV.US](https://longbridge.com/en/quote/XPEV.US.md) ## Related News & Research - [Major NOA Supplier Momenta Files for Hong Kong IPO as China's Smart Driving Market Booms](https://longbridge.com/en/news/290959795.md) - [Apple's Online Store Is Down](https://longbridge.com/en/news/290827867.md) - [China's Momenta plans to launch Hong Kong IPO next week, source says](https://longbridge.com/en/news/290529996.md) - [Base identifies consensus issue as it returns online after 2-hour outage](https://longbridge.com/en/news/290916567.md) - [Topsports says no official notice from Nike on ending China online distributorship authorization](https://longbridge.com/en/news/290799482.md)