China’s Baidu has been granted a license to test its autonomous vehicles in Hong Kong, marking the company’s first expansion of its Apollo robotaxi service outside mainland China. The Hong Kong Transport Department issued a statement on Friday, confirming that Baidu Apollo International Ltd has been approved to conduct trials with 10 autonomous vehicles in … Read more
Baidu and Qualcomm partner for XR and metaverse tech. Integration of Snapdragon Spaces XR with XiRang. Focus on metaverse despite AI’s rising interest. Baidu, a prominent Chinese internet company, and Qualcomm, a leading technology firm, have unveiled a strategic alliance aimed at advancing extended reality (XR) technology and metaverse infrastructure. The joint announcement, made on … Read more
On Thursday morning, Chinese IT giants’ stocks plummeted after Tencent posted disappointing earnings, fueling fears of a bleak earnings season as China’s economic outlook worsened. Tencent’s Hong Kong-listed shares plunged more than eight percent in early trading before paring losses slightly, a day after it posted its slowest revenue gain since going public in 2004. … Read more
China’s Premier asked for more “urgency” in implementing measures to help the country’s virus-ravaged economy, State media said Wednesday that days after statistics revealed the devastating impact of Covid-19 limits. China, the only major global economy to adhere to a rigorous zero-Covid policy, is experiencing an economic downturn as a result of protracted viral lockdowns … Read more
People in China will be able to take a cab without someone behind the wheel for the first time. Baidu (BIDU) and Pony.ai, an autonomous driving startup, announced on Thursday that they had received the country’s first permits to offer public Robotaxi ride-hailing services. It is not necessary for an operator to sit in the … Read more
BEIJING – As “metaverse” became the buzzword of 2021, Chinese tech giants are also looking for opportunities in what might be the next phase in the internet’s evolution. Since Mark Zuckerberg announced Facebook’s official rebranding as Meta last October, Chinese tech companies have also been buzzing with the idea to build a vast digital world, … Read more
RIYADH: Alibaba Group Holdings, Tencent Holdings and Baidu were among the companies ordered by China’s competition watchdog to pay fines of 21.5m yuan ($3.4 million) in the latest round of sanctions in the country’s ongoing crackdown on monopolies, Bloomberg reported. The companies must pay 500k yuan ($78k) for each of the 43 antitrust violations, the State Administration … Read more
