China's Baidu to bring its driverless cars to Uber
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As part of the arrangement, Baidu will introduce thousands of its Apollo Go autonomous vehicles on Uber’s platform in areas outside of China and the United States.
We recently published Lackluster Tuesday? Not for These 10 Stocks on Sky High. Baidu, Inc. (NASDAQ:BIDU) is one of Tuesday’s top performers. Baidu snapped a four-day losing streak on Tuesday, jumping 8.
Uber just announced a deal today with the company that runs one of the largest robotaxi fleets in China, as the ridehail giant nears its goal of becoming the world’s ultimate autonomous vehicle clearinghouse.
Shares of Baidu ( BIDU -7.45%) charged sharply higher on Tuesday, surging as much as 9%. As of 12:46 p.m. ET, the stock was still up 8.5%. The catalyst that sent the Chinese tech giant higher was a high-profile partnership for its self-driving car platform.
Uber and Baidu soon want to offer robotaxi services outside China and the USA. A newly signed strategic partnership provides for thousands of Baidu's
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Chinese tech stocks surged on Wednesday following the U.S. government's decision to lift certain semiconductor export restrictions to China.
Alibaba stock, JD.com, Baidu and Tencent rise after China reported mixed economic data for the second quarter.