Dida eyes road back to revenue growth under Tongcheng umbrella
A majority of the struggling ride-sharing company’s shareholders have agreed to sell their stock to one of China’s leading online travel agents Key Takeaways: Nearly 52% of Dida’s shareholders have…
BRIEF: Pony AI’s Hong Kong stock included in Shanghai Connect program
Robotaxi operator Pony AI Inc. (PONY.US; 2026.HK) said on Wednesday that its Hong Kong-listed stock was included in the Shanghai-Hong Kong Stock Connect program, making it available to Mainland China-based…
BRIEF: Baidu proposes DAA metric for AI, as AI-driven business passes half of revenue
Baidu Inc.’s (BIDU.US; 9888.HK) revenue from its general business grew 2% year-on-year to 26 billion yuan ($3.82 billion) in the first quarter, as its core AI-driven business accounted for more…
China’s robotaxi race hits a safety pause
Baidu’s Wuhan outage, Hello’s Zhuzhou injury accident and a reported pause on new permits suggest China’s autonomous taxi drive is shifting focus to safety Key Takeaways: China’s robotaxi story is…
Lingxing drives into congested Hong Kong ride-hailing IPO lane
The state-backed mobility platform has national scale and a rare profit, but its razor-thin margins and heavy reliance on aggregators could scare off some investors Key Takeaways: Lingxing Technology has…
BRIEF: WeRide pares loss on accelerating global expansion
Robotaxi operator WeRide Inc. (0800.HK; WRD.US) reported on Monday that its revenue rose 89.6% last year to 685 million yuan ($99 million), while its net loss narrowed 34.2% to 1.66…
CaoCao hits rocky post-IPO road amid lingering concerns
The ride-hailing platform’s shares plummeted last week, shaving more than $1 billion from its market value in just days and catching retail investors by surprise Key Takeaways: CaoCao shares lost…
