Baidu

The two companies have already developed a fully driverless mini robobus.

Chinese regulators have been confronting the boom in digital finance this year and released torrents of new rules, designed to get a firmer grip on the country’s financial system.

The area is the hometown of Chinese unicorns like ByteDance, Xiaomi, Didi, and Meituan.

The share of new energy vehicles in China is predicted to rise to 20% of overall new car sales by 2025.

Douyin Huoshan and Douyin have more than 600 million daily active users.

WeRide and Baidu are in a race to offer China’s first “true” driverless taxis.

Baidu’s purchase of YY Live is unlikely to go ahead, says Kaiyuan’s Brock Silvers.

Baidu CEO Robin Li said in the earnings call that revenue from its own livestreaming business has grown 80% year-on-year last month.