Chenqi keeps racking up losses in congested China ride-hailing race
The shared economy platform bled more red ink last year, as its hyped robotaxi business fails to show any signs of breakthroughs Key Takeaways: Chenqi lost 564 million yuan in…
After 14 years of losses, Zhihu finds an answer to its profitability question
The company, sometimes called the Quora of China, is banking on growth from a new AI tool to improve expert-supplied answers to user questions Key Takeaways: Zhihu reported its first-ever…
BRIEF: Effusive Singapore deputy PM paves way for Baidu’s Apollo Go to come to the city
Singaporean Deputy Prime Minister Heng Swee Keat on Tuesday said his country would welcome Baidu Inc. (BIDU.US; 9888.HK) to bring its Apollo Go robotaxi service to the Southeast Asian city,…
VIDEO BRIEF: Baidu accelerates in AI as robotaxi service gains speed
Baidu maintained its quarterly revenue at $4.7 billion and its Apollo Go autonomous driving unit logged over 1.1 million rides in the quarter.
Douyin in, WeChat out of latest U.S. ‘Notorious Markets’ piracy list
Chinese companies continued to dominate the annual U.S. list of online and offline marketplaces with high trading in counterfeit goods By Teri Yu Douyin Mall, the e-commerce arm of Chinese…
BRIEF: Baidu secures first license to test autonomous vehicles in Hong Kong
Hong Kong's transport department on Friday issued a notice granting Baidu Apollo International Ltd., a Hong Kong-registered company of Baidu Inc. (9888.HK; BIDU.US), the first license to test autonomous vehicles…
AI insurance acquisition offers big upside potential for diversifying BGM
The company plans to purchase Duxiaobao, an AI insurance platform developed in cooperation with Baidu and AIX Inc. By Rucha Gupda Today, I would like to share a stock…
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