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Technology Stocks : Baidu (BIDU)
BIDU 121.23+0.3%Nov 3 9:30 AM EST

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From: Sr K11/25/2021 11:32:41 PM
1 Recommendation

Recommended By
Frank Sully

   of 2093
 
Baidu Gets Green Light for Commercial Robotaxis in Beijing. It’s Good for the Stock.

By
Callum Keown Follow

Nov. 25, 2021 6:32 am ET Order Reprints Print Article

Chinese tech titan Baidu (ticker: BIDU) received approval Thursday to operate commercial driverless robotaxi services in a specified zone in Beijing, sending the stock higher in Hong Kong trading.

Toyota (7203.Japan)-backed self-driving start-up Pony.ai Inc. was also granted a license, in the first ever regulatory approvals for paid driverless taxis by Chinese authorities, after testing periods.

From Barron's.com
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