Apollo Go is currently in talks with potential partners to explore business models suitable for both markets, people familiar with the matter said. Baidu CEO Robin Li has previously said that the company is looking for local taxi service providers,...
Apollo Go is currently in talks with potential partners to explore business models suitable for both markets, people familiar with the matter said. Baidu CEO Robin Li has previously said that the company is looking for local taxi service providers, taxi companies and third-party fleet operators and other partners to expand its business in other ways such as outsourcing and finding partners while minimizing investment in physical assets (such as real estate, equipment or inventory).
The news from Baidu to Singapore and Malaysia this time happened to be the news that the US electric car manufacturer Tesla will launch its Cybercab driverless taxi in the United States within a few days.
In addition to Singapore and Malaysia, Baidu also plans to promote Apollo Go to the European and Turkish markets. The company is currently negotiating with PostAuto, a subsidiary of Swiss Post, to launch driverless taxi services in Switzerland.
According to Bloomberg, a person familiar with the matter revealed that Chinese search engine company Baidu is actively expanding its global business and plans to launch the Apollo Go driverless taxi service in Singapore and Malaysia as early as this year.
The picture shows an Apollo Go driverless taxi in Chongqing, China. Baidu has a total of 14 such driverless cars operating in the southwest suburbs of Chongqing. (Archive Photo) Wall Street stocks resume trading on Friday (20th) after the Juneteenth National Independence Day holiday celebrated on Thursday (June 19). Because US President Trump said he would decide within two weeks whether the United States would directly intervene in the conflict between Israel and Iran, the major index futures of the United States in Wall Street stock market fell slightly on Friday. At the time of 7:00, the Standard & Poor 500 futures fell by 11.10 points or 0.19% to 5969.80 points; the Nasdaq 100 futures, dominated by technology stocks, fell 43.30 points or 0.20% to 21,676.40 points; the heavyweight Dow Jones Index futures also fell 58.70 points to 42,113.00 points. The Standard & Poole 500 gave up its early gains on Wednesday (June 18), and was basically the same at the close. Previously, Federal Reserve Chairman Powell said that commodity price inflation is expected to rise this summer because U.S. President Trump's tariff policy affects consumers. The Standard & Poole 500 index fell slightly by 1.85 points on Wednesday, closing at 5980.87 points. The Dow Jones Index also fell 44.14 points and closed at 42,171.66 points. The Nasdaq 100 index rose slightly by 0.61 points and closed at 21,719.69 points. The U.S. stock market traded on Wednesday, with the total trading volume of the exchange being 16.48 billion shares, which is less than the average trading volume of 17.99 billion shares in the past 20 days. Friday (June 20) Focus:
Baidu has currently deployed more than 1,000 driverless cars around the world, most of which are in China. As of the first quarter of this year, its driverless rental service has reached 11 million times, surpassing Waymo, an autonomous driving unit under Google's parent company Alphabet Inc, and 10 million paid taxi services as of May 23.
According to Tesla CEO Elon Musk earlier this month, Tesla's initial plan is to start operating driverless taxis in Austin on Sunday (22nd). Members of lawmakers demand that Tesla must provide "details to prove that Tesla will comply with the new law" if it chooses to continue releasing driverless taxis.
The Wall Street Journal reported that Home Depot has issued an offer to construction products distributor GMS Inc. The news drove GMS Inc's stock price to soar 26.96% before the trading session tonight, with a deadline of $102.84. According to reports, Home Depot has not yet made a final decision on the price of acquiring GMS Inc. However, before, building materials group QXO proposed to acquire GMS Inc for $95.20 per share. QXO said Wednesday night that the acquisition plan is worth $5 billion, 27% more than GMS's volume-weighted average price, or $74.82, over the past 60 days. Unexpectedly, in just one day, Cheng Yaojin, the Home Depot, appeared. Home Depot shares fell 0.43% before trading tonight, with a deadline of $345.53; QXO Inc shares rose 2.44% to $23.10. Software giant Microsoft plans to lay off thousands of employees in a few weeks. According to the Wall Street Journal, citing people familiar with the matter, Microsoft will cut thousands of employees in sales and other teams from July, but the specific figures have not been determined. Microsoft's shares fell 0.35% before trading tonight, and were cut at $478.58. Many cryptocurrency-related stocks rose sharply before tonight. At the time of press time, Circle Internet, which is mainly based on stablecoins, rose 9.22%, and was $218.70. Others: SRM Entertainment's stock price also rose 6%; SharpLink Gaming's 5% rise; TeraWulf Inc's 4% rise; Canaan Inc., MARA Holdings and Riot Platforms' share prices rose about 2%; Strategy and Coinbase's 1% rise. On Friday, let’s take a look at the driverless car plan of Chinese search engine giant Baidu Inc. The stock fell 0.14% before trading tonight, with a deadline of $84.42. Pre-market active stocks are in sequence: Coinbase Global, Plug Power, Tesla, Nvidia and Marvell Technology. At the time of press time, except for the decline in Nvidia's stock price, the stock prices of the other four active stocks all rose.But in the past few days, Democratic lawmakers in Texas have called on Tesla to postpone the release date of driverless taxis. A total of two state senators and five state representatives signed a letter to Tesla's quality director Eddie Gates. In the letter, they asked Tesla to postpone the release of driverless taxis until September 1, as Texas will implement a new driverless safety law.
Baidu Inc Pre-market trading focus: (Nasdaq Stock Exchange: BIDU)
