- Baidu Inc BIDU will start trials for the Apollo Go service in Shanghai, marking the fifth city where passengers can test the robotaxi mobile platform.
- Baidu is the only company to offer this service in the three first-tier cities of Beijing, Guangzhou, and Shanghai. The Shanghai operation will include 150 stations opened in phases throughout the city.
- China recently summoned ride-hailing services of 11 firms, including Alibaba Group Holding Ltd BABA, DiDi Global Inc DIDI, and Meituan MPNGF MPNGY for alleged misconduct.
- The Chinese tech stocks are down following intensified tech crackdown from the country.
- Price Action: BIDU shares traded lower by 0.07% at $163.99 in the market session on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
