BIDU-SW Shares Jump Nearly 5% Intraday as Apollo Go Forges Strategic Alliance with Uber

Market Watcher
Jul 16

BIDU-SW (09888) shares surged close to 5% during Monday's trading session before paring gains. At press time, the stock maintained a 3.42% advance at HK$90.70, with trading volume reaching HK$365 million.

The momentum follows Apollo Go's landmark announcement on July 15 of a strategic partnership with Uber (UBER), the world's premier mobility platform. This collaboration will propel Baidu's autonomous ride-hailing service beyond its current US and mainland China operations into multiple global markets. Under the agreement, thousands of Apollo Go's self-driving vehicles will integrate with Uber's worldwide transportation network, delivering accessible and dependable autonomous mobility solutions to international users.

This expansion marks a significant leap in cross-border autonomous vehicle deployment, positioning Apollo Go at the forefront of next-generation transportation ecosystems. The integration promises to reshape urban mobility patterns while accelerating the commercialization of driverless technology across continents.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10