China's Baidu to bring its driverless cars to Uber
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Shares of Baidu ( BIDU 9.13%) 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.
Alibaba stock, JD.com, Baidu and Tencent rise after China reported mixed economic data for the second quarter.
Uber Technologies is accelerating its global robotaxi expansion through a landmark multiyear alliance with China's Baidu Inc. This renewed partnership, rekindling ties from a strategic investment over a decade ago,
For a company long defined by proprietary development, this move is a symbol of a broader technological undercurrent sweeping across China: from innovation to diffusion.
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China's biggest car rental company now offers autonomous carsThree-seater from Baidu delivers itself, follows directions, then finds its way home China’s largest car rental operator, Car Inc., now rents autonomous cars.… The company, also known as “Zuche”, is using cars from Chinese tech giant Baidu for the service.