Baidu

Commercialization at large scale could still be 10 years away, according to experts.

Joe Xia, head of Baidu’s auto arm, believes that software, not hardware, will be the ‘soul’ of personal vehicles.

Baidu’s secondary listing in Hong Kong is 15 times oversubscribed.

Baidu has won bids for smart transportation projects in Chongqing, Changsha, Hefei, Baoding, Zhuzhou, and Yinchuan.

The takeover of YY Live has been “substantially completed.”

Meanwhile, WeRide has been granted the first ever ride-hailing license for an autonomous driving company.

The firm was granted a permit by Beijing and Changsha last year.

Shares have more than doubled in the past 6 months.