Baidu's Strategic Move into Europe

Baidu Inc. witnessed a notable 3% increase in its stock prices on the Hong Kong Exchange this Wednesday. The surge comes on the heels of exciting news: the Chinese tech giant is gearing up to introduce its autonomous taxi services in Europe, marking a significant step in its global expansion.

Collaboration with PostAuto

According to a report by the Wall Street Journal, Baidu is in talks with PostAuto, a Swiss Post-backed transportation company, to deploy its Apollo Go robotaxi platform in Switzerland. The initiative aims to commence trials by the end of the year, showcasing Baidu's commitment to pioneering autonomous mobility solutions beyond its home turf.

Expansion and Market Response

Beyond Switzerland, Baidu is also eyeing Turkey for its autonomous ride-hailing services, signaling its ambition to dominate the autonomous vehicle sector globally. The market has responded positively, with Baidu's shares climbing 3.67% to HKD 90.30 in Hong Kong and a 2.15% increase in the US premarket, reaching $93.05.