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Baidu Launches Apollo Go Trial In Shanghai

Baidu Launches Apollo Go Trial In Shanghai
  • Baidu Inc (NASDAQ: BIDUwill start trials for the Apollo Go service in Shanghai, marking the fifth city where passengers can test the robotaxi mobile platform. 
  • Baidu is the only company to offer this service in the three first-tier cities of Beijing, Guangzhou, and Shanghai. The Shanghai operation will include 150 stations opened in phases throughout the city.
  • China recently summoned ride-hailing services of 11 firms, including Alibaba Group Holding Ltd (NYSE: BABA), DiDi Global Inc (NYSE: DIDI), and  Meituan (OTC: MPNGF) (OTC: MPNGY) for alleged misconduct. 
  • The Chinese tech stocks are down following intensified tech crackdown from the country.
  • Price Action: BIDU shares traded lower by 0.07% at $163.99 in the market session on the last check Monday.

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