HomeTrading NewsBaidu Gets Green Light for Commercial Robotaxis in Beijing. It’s Good for the Stock.

Baidu Gets Green Light for Commercial Robotaxis in Beijing. It’s Good for the Stock.

Chinese tech titan Baidu (ticker: BIDU) received approval Thursday to operate commercial driverless robotaxi services in a specified zone in Beijing, sending the stock higher in Hong Kong trading.

Toyota (7203.Japan)-backed self-driving start-up Pony.ai Inc. was also granted a license, in the first ever regulatory approvals for paid driverless taxis by Chinese authorities, after testing periods. 

Baidu’s…

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