Baidu oznámila, že její akcie třídy A byly zařazeny do programů Shenzhen-Hong Kong Stock Connect i Shanghai-Hong Kong Stock Connect. Investoři z pevninské Číny k nim tak mají přímý přístup.
, /PRNewswire/ -- Baidu, Inc. ("Baidu" or the "Company") (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), a leading AI company with strong Internet foundation, today announced that the Company's Class A ordinary shares traded on The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") have been included in the Shenzhen-Hong Kong Stock Connect program, effective today, September 7, 2026 (Beijing time). The previously announced inclusion of the Company's Class A ordinary shares in the Shanghai-Hong Kong Stock Connect program also became effective today. Eligible investors in the Chinese Mainland now have direct access to the trading of Baidu's Class A ordinary shares through both programs.
The inclusion of Baidu's Class A ordinary shares in the Shenzhen-Hong Kong Stock Connect program is pursuant to the Announcement on Adjustment of the List of the Eligible Stocks in Hong Kong Stock Connect under the Shenzhen-Hong Kong Stock Connect issued by the Shenzhen Stock Exchange on September 7, 2026.
Taken together, the inclusion in the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect marks an important step toward expanding the Company's reach among Chinese Mainland investors and is expected to further diversify its investor base and enhance the liquidity of its shares.
Baidu appreciates the continued support of its shareholders and investors and remains committed to driving sustainable growth and creating long-term value for shareholders.
About the Shenzhen-Hong Kong Stock Connect
The Shenzhen-Hong Kong Stock Connect is a mutual stock market access mechanism between the Chinese Mainland and Hong Kong under which the Shenzhen Stock Exchange and the Hong Kong Stock Exchange have established technical connectivity to enable investors in the Chinese Mainland and Hong Kong to trade eligible shares listed on the other's market through their local securities companies or brokers.
About the Shanghai-Hong Kong Stock Connect
The Shanghai-Hong Kong Stock Connect established a two-way trading link between the Shanghai Stock Exchange and the Hong Kong Stock Exchange. The stock connect allows qualified Chinese Mainland investors to access eligible Hong Kong shares (Southbound) as well as Hong Kong and overseas investors to trade eligible A-shares (Northbound), subject to a certain amount of daily quota.
About Baidu
Founded in 2000, Baidu's mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on Nasdaq under "BIDU" and HKEX under "9888". One Baidu ADS represents eight Class A ordinary shares.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Among other things, Baidu's and other parties' strategic and operational plans, contain forward-looking statements. Baidu may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in announcements made on the website of the Hong Kong Stock Exchange, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Baidu's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Baidu's growth strategies; its future business development, including development of new products and services; its ability to attract and retain users and customers; competition in the Chinese Internet search and newsfeed market; competition for online marketing customers; changes in the Company's revenues and certain cost or expense items as a percentage of its revenues; the outcome of ongoing, or any future, litigation or arbitration, including those relating to intellectual property rights; the expected growth of the Chinese-language Internet search and newsfeed market and the number of Internet and broadband users in China; Chinese governmental policies relating to the Internet and Internet search providers, and general economic conditions in China and elsewhere. Further information regarding these and other risks is included in the Company's annual report on Form 20-F and other documents filed with the Securities and Exchange Commission, and announcements on the website of the Hong Kong Stock Exchange. Baidu does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of the press release, and Baidu undertakes no duty to update such information, except as required under applicable law.
Baidu oznámila, že její třída A akcií na hongkongské burze bude od 7. září 2026 zařazena do programu Shanghai-Hong Kong Stock Connect. Čínští investoři z pevninské Číny tak získají přímý přístup k obchodování.
, /PRNewswire/ -- Baidu, Inc. ("Baidu" or the "Company") (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), a leading AI company with strong Internet foundation, today announced that the Company's Class A ordinary shares traded on The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") will be included in the Shanghai-Hong Kong Stock Connect program, effective September 7, 2026.
The inclusion is pursuant to the Notice of the Adjustment of the Eligible Stocks in Hong Kong Stock Connect under the Shanghai-Hong Kong Stock Connect issued by the Shanghai Stock Exchange on September 4, 2026.
Following the inclusion, eligible investors in the Chinese Mainland will have direct access to the trading of Baidu's Class A ordinary shares through the Shanghai-Hong Kong Stock Connect. The inclusion marks an important step toward expanding the Company's reach among Chinese Mainland investors and is expected to further diversify its investor base and enhance the liquidity of its shares.
Baidu appreciates the continued support of its shareholders and investors and remains committed to driving sustainable growth and creating long-term value for shareholders.
About the Shanghai-Hong Kong Stock Connect
The Shanghai-Hong Kong Stock Connect established a two-way trading link between the Shanghai Stock Exchange and the Hong Kong Stock Exchange. The stock connect allows qualified Chinese Mainland investors to access eligible Hong Kong shares (Southbound) as well as Hong Kong and overseas investors to trade eligible A-shares (Northbound), subject to a certain amount of daily quota.
About Baidu
Founded in 2000, Baidu's mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on Nasdaq under "BIDU" and HKEX under "9888". One Baidu ADS represents eight Class A ordinary shares.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Among other things, Baidu's and other parties' strategic and operational plans, contain forward-looking statements. Baidu may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in announcements made on the website of the Hong Kong Stock Exchange, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Baidu's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Baidu's growth strategies; its future business development, including development of new products and services; its ability to attract and retain users and customers; competition in the Chinese Internet search and newsfeed market; competition for online marketing customers; changes in the Company's revenues and certain cost or expense items as a percentage of its revenues; the outcome of ongoing, or any future, litigation or arbitration, including those relating to intellectual property rights; the expected growth of the Chinese-language Internet search and newsfeed market and the number of Internet and broadband users in China; Chinese governmental policies relating to the Internet and Internet search providers, and general economic conditions in China and elsewhere. Further information regarding these and other risks is included in the Company's annual report on Form 20-F and other documents filed with the Securities and Exchange Commission, and announcements on the website of the Hong Kong Stock Exchange. Baidu does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of the press release, and Baidu undertakes no duty to update such information, except as required under applicable law.
Baidu na mimořádné valné hromadě získala souhlas akcionářů s dobrovolnou přeměnou sekundárního kotování na primární kotování na hongkongské burze. Společnost bude dál plnit pravidla jako duálně primárně kotovaný emitent na Hongkongské burze i Nasdaq.
, /PRNewswire/ -- Baidu, Inc. (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)) ("Baidu" or the "Company"), a leading AI company with strong Internet foundation, today announced that its extraordinary general meeting of shareholders (the "EGM") was held in Beijing today and all the proposed resolutions set out in the notice of the EGM dated July 27, 2026 were duly passed at the EGM.
All necessary shareholder approvals for the Company's voluntary conversion of its secondary listing status to primary listing (the "Primary Conversion") on the Main Board of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") have been obtained at the EGM. From the date of this press release until the effective date of the Primary Conversion, the Company will continue to make the necessary arrangements to comply with all applicable laws, regulations and stock exchange rules as a dual-primary listed issuer on the Hong Kong Stock Exchange and the Nasdaq Global Select Market upon the effectiveness of the Primary Conversion.
About Baidu
Founded in 2000, Baidu's mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on Nasdaq under "BIDU" and HKEX under "9888". One Baidu ADS represents eight Class A ordinary shares.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Among other things, Baidu's and other parties' strategic and operational plans, contain forward-looking statements. Baidu may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in announcements made on the website of the Hong Kong Stock Exchange, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Baidu's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Baidu's growth strategies; its future business development, including development of new products and services; its ability to attract and retain users and customers; competition in the Chinese Internet search and newsfeed market; competition for online marketing customers; changes in the Company's revenues and certain cost or expense items as a percentage of its revenues; the outcome of ongoing, or any future, litigation or arbitration, including those relating to intellectual property rights; the expected growth of the Chinese-language Internet search and newsfeed market and the number of Internet and broadband users in China; Chinese governmental policies relating to the Internet and Internet search providers, and general economic conditions in China and elsewhere. Further information regarding these and other risks is included in the Company's annual report on Form 20-F and other documents filed with the Securities and Exchange Commission, and announcements on the website of the Hong Kong Stock Exchange. Baidu does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of the press release, and Baidu undertakes no duty to update such information, except as required under applicable law.
Uber v Dubaji spustil plně bezřidičové robotaxi Baidu Apollo Go pro cestující ve vybraných částech města. Jde o první spuštění v rámci víceleté dohody, která má nasadit tisíce vozů po celém světě.
Key Takeaways Uber now offers fully driverless Apollo Go robotaxis to riders in select areas of Dubai. The Dubai rollout begins a multi-year partnership targeting thousands of Apollo Go vehicles worldwide. Uber's partnership-led robotaxi strategy avoids massive R&D costs of developing autonomous systems in-house. Uber Technologies (UBER - Free Report) announced that Chinese company Baidu’s (BIDU - Free Report) fully autonomous Apollo Go vehicles are available to riders through the former’s platform in Dubai, with New Horizon Luxury Transport operating the fleet. The rollout strengthens Uber’s position in the autonomous-vehicle market and represents an important step in the global expansion of driverless transportation. Dubai is the first launch location under the companies’ multi-year strategic partnership, which aims to deploy thousands of Apollo Go vehicles across Uber’s worldwide network.
Dubai riders booking an UberX or Uber Comfort trip may now be matched with a fully driverless Apollo Go vehicle. Customers can also choose the “Autonomous” option in the Uber app to improve their chances of securing a robotaxi. Initially, the service will operate in select areas of Umm Suqeim and Jumeirah, with coverage expected to expand over time.
Uber’s global head of autonomous, Sarfraz Maredia, described the Dubai launch as a significant step in its efforts to expand autonomous mobility worldwide. Baidu’s vice president Nan Yang said the rollout represents an important milestone in its partnership, with Dubai serving as the starting point for the broader expansion. Dubai is also the first international market where Baidu has introduced both self-operated and partner-operated autonomous ride-hailing services.
The service uses Apollo Go’s sixth-generation RT6, a purpose-built, fully electric robotaxi developed for completely driverless operations. Each vehicle can accommodate up to three passengers and is equipped with more than 30 sensors that monitor its surroundings and process data onboard in real time.
Apollo Go has established operations across 28 cities worldwide. Its fleets have traveled more than 350 million autonomous kilometers, including over 240 million kilometers in fully driverless mode.
Uber emphasized that safety remains a central priority. Baidu’s Apollo Go vehicles, like all autonomous vehicles operating through Uber’s network, must comply with its safety guidelines before entering service.
Uber currently works with more than 30 autonomous-vehicle partners and facilitates millions of autonomous trips annually. The company is developing a hybrid transportation network in which driverless vehicles and human drivers operate alongside one another to make mobility more affordable, sustainable and accessible.
Uber aims to gain a stronghold in the robotaxi market through strategic partnerships. By adopting this approach, Uber has avoided the massive R&D costs of developing autonomous systems in-house. In 2020, Uber sold the self-driving division but retained its focus on becoming the ultimate ride-hailing super app.
In line with its partnership-driven strategy, Uber, in collaboration with another Chinese company, WeRide (WRD - Free Report) , announced earlier this year plans to introduce commercial robotaxi services in the Greater Zurich Region. This move represents their second joint deployment in Europe, coming just weeks after the announcement of a similar initiative in Madrid.
Since December 2024, WeRide and Uber have introduced robotaxi services across several Middle Eastern markets, including fully driverless commercial operations in Abu Dhabi and Dubai, as well as public services in Riyadh. These deployments provide an operational foundation for their European expansion.
UBER’s Share Price Performance, Valuation and EstimatesShares of UBER have gained in low double digits (% wise) over the past three months. Consequently, UBER’s shares outperformed the Zacks Internet-Services industry over the same time frame.
3-Month Price ComparisonImage Source: Zacks Investment Research
From a valuation standpoint, UBER trades at a 12-month forward price-to-sales of 2.52X. UBER trades at a discount compared with its industry.
Image Source: Zacks Investment Research
See how the Zacks Consensus Estimate for Uber’s earnings has been revised over the past 90 days.
Image Source: Zacks Investment Research
UBER's Zacks RankUBER currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Baidu zveřejnila výsledky za 2. čtvrtletí 2026 a uspořádala konferenční hovor k výsledkům hospodaření. Vedení představilo čtvrtletní výhled a odpovídalo na dotazy analytiků.
Baidu, Inc. (BIDU) Q2 2026 Earnings Call August 18, 2026 8:00 AM EDT
Company Participants
Juan Lin - Director of Investor Relations
Yanhong Li - Co-Founder, Chairman & CEO
Haijian He - Chief Financial Officer
Dou Shen - Executive VP & President of Baidu AI Cloud Group
Rong Luo - Executive Vice President of Baidu Mobile Ecosystem Group
Conference Call Participants
Alex Yao - JPMorgan Chase & Co, Research Division
Alicis a Yap - Citigroup Inc., Research Division
Xiaomeng Zhuang - BofA Securities, Research Division
Lincoln Kong - Goldman Sachs Group, Inc., Research Division
Wei Xiong - UBS Investment Bank, Research Division
Thomas Chong - Jefferies LLC, Research Division
Ellie Jiang - Macquarie Research
Presentation
Operator
Hello and thank you for standing by for Baidu's Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Today's conference is being recorded.
[Operator Instructions] I would now like to turn the meeting over to your host for today's conference, Juan Lin, Baidu's Director of Investor Relations.
Juan Lin
Director of Investor Relations
Hello, everyone, and welcome to Baidu's Second Quarter 2026 Earnings Conference Call. Baidu's earnings release was distributed earlier today, and you can find a copy on our website as well as on Newswire services.
On the call today, we have Robin Li, our Co-Founder and CEO; Julius Rong Luo, our EVP in charge of Baidu Mobile Ecosystem Group, MEG; Dou Shen, our EVP in charge of Baidu AI Cloud Group, ACG; and Henry Haijian He, our CFO. After our prepared remarks, we will hold a Q&A session.
Please note that the discussion today will contain forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from our current expectations. For detailed discussions of these risks and uncertainties, please refer to
Baidu ve 2. čtvrtletí vykázala pokles tržeb o 4 % na 31,33 mld. CNY už páté čtvrtletí v řadě. Segment Baidu Core AI-powered Business naopak vzrostl o 25 % na 12,5 mld. CNY.
Čínská technologická společnost Baidu, která provozuje mimo jiné největší čínský vyhledávač či autonomní vozidla Apollo, dnes oznámila výsledky za 2Q. Výnosy klesly již pátý kvartál v řadě, přičemž byly taženy dolů online marketingovými výnosy, které meziročně poklesly o 19 %. Byznys poháněný umělou inteligencí naopak rostl meziročně o 25 % a na výnosech hlavního byznysu se podílel polovinou.
Výsledky společnosti Baidu (BIDU) za 2Q 2026 2Q 2026 Konsensus 2Q 2026 2Q 2025 Výnosy (mld. CNY) 31,33 31,59
32,71 Čistý zisk (mld. CNY) 2,32 -- 7,32 Očištěný zisk na depozitní certifikát*(EPS, CNY/certifikát) 7,22 9,75 13,58 *jeden americký depozitní certifikát odpovídá 8 akciím
Výsledky Výnosy společnosti meziročně poklesly o 4 % na 31,33 mld. CNY (4,62 mld. USD) a mírně tak zaostaly za odhady analytiků ve výši 31,59 mld. CNY.
Baidu své výnosy dělí do dvou segmentů. Baidu General Business, který zahrnuje výnosy z vyhledávání (reklamy a marketingové služby) a cloudových služeb, meziročně poklesl o 4 % na 25,18 mld. CNY. Online marketingové výnosy zde zaznamenaly meziroční pokles o 19 % na 13,1 mld. CNY, zatímco ostatní výnosy byly meziročně o 21 % vyšší a činily 12,1 mld. CNY, když byly primárně taženy růstem v AI cloud byznysu.
Výnosy ze streamovací platformy iQIYI meziročně poklesly o 5 % na 6,29 mld. CNY při analytickém konsensu 6,4 mld. CNY.
Výnosy segmentu Baidu Core AI-powered Business, tedy byznysu poháněného umělou inteligencí, zaznamenaly meziroční růst o 25 % na 12,5 mld. CNY. Tento segment se podílel na výnosech Baidu General Business z 50 % (před rokem 38 %).
AI cloudová infrastruktura zaznamenala meziroční růst výnosů o 50 % na 7,3 mld. CNY. Výnosy z GPU Cloudu v rámci tohoto segmentu vzrostly meziročně o 283 %. Výnosy z AI aplikací meziročně vzrostly o 3 % na 2,5 mld. CNY. Výnosy z nativních AI marketingových služeb zůstaly meziročně zhruba beze změny na 2,6 mld. CNY. Očištěná EBITDA byla meziročně nižší o 5,3 %, když činila 6,15 mld. CNY při odhadech 5,81 mld. CNY.
Očištěný provozní zisk meziročně poklesl o 15 % na 3,79 mld. CNY při konsensu 3,61 mld. CNY.
V červnu dosáhla aplikace Baidu 644 mil. měsíčně aktivních uživatelů.
Služba Apollo Go rozšířila svou globální stopu na 28 měst a její flotily dosud najezdily přes 350 mil. autonomních kilometrů, z toho více než 240 mil. kilometrů plně bez řidiče.
Ke 30. 6. 2026 činila celková hotovost a investice 283,1 mld. CNY (41,72 mld. USD). Provozní hotovostní tok dosáhl 3,4 mld. CNY.
Návrat kapitálu akcionářům Od začátku 1Q 2026 vrátilo Baidu akcionářům 259 mil. USD prostřednictvím zpětných odkupů akcií.
Komentář vedení „Nyní, když se byznys poháněný umělou inteligencí pevně etabloval jako jádro Baidu, posilujeme základy pro naši další fázi růstu taženého AI. AI cloudová infrastruktura si v tomto kvartále udržela silnou dynamiku, přičemž růst GPU Cloudu se dále zrychlil, a to už tak z vysoké základny. Také naše portfolio AI aplikací nadále vzkvétalo, se silnějšími schopnostmi a stále rozmanitějšími případy užití. Apollo Go dosáhlo stabilního pokroku ve své globální expanzi, přičemž dále posílilo své bezpečnostní a provozní schopnosti a zlepšilo zážitek pro cestující," uvedl spoluzakladatel a generální ředitel Robin Li. „Ačkoliv náš online marketingový byznys zůstává pod tlakem, rostoucí dynamika našeho klíčového byznysu poháněného umělou inteligencí potvrzuje přerod Baidu ze společnosti zaměřené na internet ve společnost stavějící umělou inteligenci na první místo a posiluje naši důvěru v náš dlouhodobý růstový potenciál."
„Kvartál byl ve znamení několika významných momentů. Zaprvé, výnosy segmentu byznysu poháněného umělou inteligencí dosáhly 12,5 mld. CNY a nadále tvořily polovinu výnosů segmentu Baidu General Business. Zadruhé, provozní hotovostní toky Baidu zůstaly kladné čtvrtý kvartál v řadě, když ve druhém kvartále dosáhly 3,4 mld. CNY. Zatřetí, postupujeme v naší konverzi na duální primární listing v Hongkongu a očekáváme, že nabude účinnosti ještě v letošním roce," řekl finanční ředitel Haijian He. „Do budoucna zůstáváme pevně oddáni investicím do umělé inteligence jakožto klíčového hnacího motoru dlouhodobého růstu Baidu."
Pohled analytika Analytik Robert Lea z Bloomberg Intelligence uvedl, že dlouhodobé vyhlídky Baidu stojí na schopnosti zpeněžit své know-how a dovést ztrátové AI byznysy k ziskovosti. Podle něj sice umělá inteligence slibuje úspory z vyšší produktivity napříč řadou odvětví, ale Baidu chybí rozsah na to, aby konkurovalo velkým čínským technologickým platformám, které podle něj nakonec odvětví ovládnou. Sílící konkurence tak postupně nahlodává náskok Baidu v čínském AI sektoru v době, kdy jeho snaha o monetizaci zatím nepřinesla výraznější výnosy.
Vývoj akcie ADR Baidu (BIDU) v předburzovní fázi obchodování zaznamenávají pokles o 5,69 % na 98,2 USD.
ADR Baidu (BIDU) před výsledky na 104,12 USD Ukazatel Ukazatel Kapitalizace (mld. USD) 35,3 P/E 19,2 Vývoj za letošní rok (%) -20,3 Očekávané P/E 15,0 52týdenní minimum (USD) 84,8 Prům. cílová cena (USD) 166,0 52týdenní maximum (USD) 165,3 Dividendový výnos (%) -- Zdroj: Baidu, Bloomberg
Baidu a Freenow by Lyft zahájily silniční testy autonomního vozu Apollo Go RT6 v Londýně. Veřejné jízdy plánují od roku 2027, pokud získají regulační souhlasy.
Baidu's Apollo Go and Freenow by Lyft have commenced the testing of Apollo Go's sixth-gen autonomous vehicle (RT6) in London. Initial road testing with safety operators on board will take place in Brent, a borough in west and north-west London. Apollo Go and Freenow by Lyft plan to welcome public riders starting in 2027. , /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888) today announced that its autonomous ride-hailing platform, Apollo Go, has begun road testing in London with Freenow by Lyft. Testing will begin in the borough of Brent with safety operators on board, covering a mix of urban and suburban driving environments. Apollo Go and Freenow by Lyft plan to welcome public riders starting in 2027, subject to regulatory approvals.
The deployment builds on the strategic partnership announced by Baidu and Lyft in 2025 for Lyft to deploy Apollo Go autonomous vehicles across key European markets through the Lyft platform. Under the partnership, Apollo Go provides the RT6 vehicles and autonomous driving technology, while Freenow by Lyft contributes its local operational expertise to ensure smooth testing and operation of the fleet.
The London program builds on Apollo Go's testing experience in Hong Kong, its first right-hand-drive market. On July 23, 2026, Apollo Go received the first fully driverless trial permit from Hong Kong's Transport Department, with testing beginning on Airport Island on July 27. This marks Hong Kong's first Level 4 autonomous trial on public roads without an on-board safety operator, and the first fully driverless trial in any right-hand-drive market globally. These milestones demonstrate the adaptability of Apollo Go's autonomous driving technology across diverse road environments.
"The arrival of Apollo Go vehicles in London marks a defining milestone in our global expansion," said Nan Yang, Vice President of Baidu and General Manager of Overseas Business Unit, Intelligent Driving Group. "Testing our autonomous fleet in one of the world's most iconic and complex urban environments validates our technology's maturity and our commitment to this market. By combining our cutting-edge autonomous driving technology with Freenow by Lyft's local operational expertise, we are officially moving from vision to reality, together."
Thomas Zimmermann, CEO of Freenow by Lyft, said: "As a platform with deep roots in the taxi industry, our priority is ensuring that autonomous technology supports the professional drivers who keep London moving. By integrating these purpose-built, autonomous vehicles from Baidu's Apollo Go into the Freenow by Lyft ecosystem, we will give Londoners more sustainable choices to travel, encouraging them to choose shared mobility services over personally-owned vehicles."
The RT6 vehicles will operate as part of a hybrid network alongside Freenow's established taxi and private hire vehicles. For riders, this means faster pickup times as the number of vehicles on the platform increases. Research by Censuswide shows a strong appetite for autonomous vehicles among Londoners, with 58% saying they would be likely to try one, and nearly two-thirds of those under 35 are in favor*.
The London deployment adds to the rapidly expanding global footprint of Apollo Go, Baidu's autonomous ride-hailing service. As of April 2026, Apollo Go had provided more than 22 million cumulative rides to the public. In Q1 2026 alone, it completed 3.2 million fully driverless rides, a volume growing at over 120% year-over-year. As of May, Apollo Go's global footprint spanned 27 cities, and its fleets had accumulated over 330 million autonomous kilometers globally, including more than 220 million fully driverless kilometers, all while maintaining a strong safety record.
*This research was commissioned by Freenow by Lyft in partnership with Censuswide in March 2026. The survey sampled 3,001 respondents.
About Baidu
Founded in 2000, Baidu's mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on the NASDAQ under "BIDU" and HKEX under "9888." One Baidu ADS represents eight Class A ordinary shares.
About Freenow by Lyft
Freenow by Lyft features broad multi-mobility options across 9 European markets and over 180 cities. Millions of passengers can access various mobility services within a single app, including taxis, private hire vehicles, carsharing, car rental, e-scooters, e-bikes, e-mopeds and public transport. With headquarters in Hamburg, Germany, Freenow is led by CEO Thomas Zimmermann.
In July 2025, Freenow was acquired by Lyft, a global mobility platform offering a mix of rideshare, taxis, private hire vehicles, executive chauffeur services, car sharing, bikes, and scooters across 6 continents and thousands of cities. Millions of drivers have chosen to earn on billions of rides. Together, Freenow and Lyft are helping to create a more connected world, with transportation options for everyone.
, /PRNewswire/ -- Baidu, Inc. ("Baidu" or the "Company") (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), a leading AI company with strong Internet foundation, today announced that the board of directors of the Company (the "Board") approved a motion to pursue the voluntary conversion to dual-primary listing (the "Primary Conversion") on the Main Board of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange"). The Primary Conversion is expected to become effective within this year. The Board also authorized the Company's management to proceed with the relevant preparatory work and undertake the necessary procedures to complete the Primary Conversion.
After the Primary Conversion, the Company will become a dual-primary listed company on the Main Board of the Hong Kong Stock Exchange and the Nasdaq Global Select Market, and its Class A ordinary shares and American depositary shares will continue to be traded on both stock exchanges (as the case may be) and remain mutually fungible. The Company believes that the dual-primary listing, once effective, will enhance the liquidity of its securities, broaden its investor base and provide greater flexibility in accessing both capital markets.
The Primary Conversion is conditional upon and subject to, among other things, market conditions and the obtaining of the necessary regulatory approvals. The Company will make further announcement(s) to disclose any material updates and progress with respect to the Primary Conversion in accordance with applicable laws and regulations as and when appropriate. This announcement is for information purposes only and does not constitute, or form part of, any invitation or offer to acquire, purchase or subscribe for any securities of the Company. Shareholders and potential investors should exercise caution when dealing in the securities of the Company.
About Baidu
Founded in 2000, Baidu's mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on Nasdaq under "BIDU" and HKEX under "9888". One Baidu ADS represents eight Class A ordinary shares.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "may," "will," "expect," "anticipate," "future," "intend," "plan," "believe," "estimate," "is/are likely to" and similar statements. Baidu may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in announcements made on the website of the Hong Kong Stock Exchange, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Baidu's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Baidu's growth strategies; its future business development, including development of new products and services; its ability to attract and retain users and customers; competition in the Chinese Internet search and newsfeed market; competition for online marketing customers; changes in the Company's revenues and certain cost or expense items as a percentage of its revenues; the outcome of ongoing, or any future, litigation or arbitration, including those relating to intellectual property rights; the expected growth of the Chinese-language Internet search and newsfeed market and the number of Internet and broadband users in China; Chinese governmental policies relating to the Internet and Internet search providers, and general economic conditions in China and elsewhere. Further information regarding these and other risks is included in the Company's annual report on Form 20-F and other documents filed with the SEC, and announcements on the website of the Hong Kong Stock Exchange. Baidu does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this announcement is as of the date of the announcement, and Baidu undertakes no duty to update such information, except as required under applicable law.
Shares of Chinese tech giants Alibaba and Baidu rose Thursday on their partnership with Apple for deploying their AI tools.
Hong-Kong listed shares of Alibaba rose 5% after the company confirmed that its Qwen AI model would be integrated into Apple services in China.
U.S.-listed shares of Alibaba had closed slightly higher overnight after an Alibaba spokesperson told CNBC that "Qwen will be integrated into Apple Intelligence experiences within iOS, iPadOS, macOS, and vision OS for users in China."
Alibaba HK shares
Baidu's Hong Kong-listed shares gained 4% as the company confirmed that it was working with Apple on Apple Intelligence features for iPhones in China.
This comes amid reports in late June that its artificial intelligence chip unit Kunlunxin is targeting an initial public offering in the city, which could value its affiliate at $50 billion.
The Cyberspace Administration of China in a notice on Wednesday included Apple Intelligence, along with six other smartphone-based AI services including Huawei Technologies, in a list of approved service providers.
The Apple-Qwen combination will allow users to access the model's capabilities, "like text and image understanding and generation, without needing to jump between tools," the Alibaba spokesperson added.
Apple did not immediately respond to CNBC's request for comments.
Baidu hk shares
The technological rivalry between China and the U.S. has intensified, as they race for AI dominance. The U.S. has sought to curb China's ability to access high-end chips, while Beijing has tried to wall off U.S. investments into Chinese tech companies.
"AI leadership is becoming central to economic competitiveness, global standard-setting, and the maintenance of democratic governance," according to a report by research organization RAND.
— CNBC's Evelyn Cheng, Joseph Wilkins and Kai Nicol-Schwarz contributed to this report.
Hong Kong-listed shares of Baidu surged more than 7% Monday on reports that its artificial intelligence chip unit Kunlunxin is targeting an initial public offering in the city, which could value its affiliate at $50 billion.
Prospective investors were asked to buy semiconductors worth three to seven times the value of their intended investment in Kunlunxin's planned listing, The Information reported Sunday, citing two sources familiar with the matter.
Baidu confidentially filed a listing application for Kunlunxin on the Hong Kong Stock Exchange at the start of the year, though offering details, including size and structure, were undecided then.
Kunlunxin chips have drawn interest from ByteDance, the owner of TikTok, according to an earlier Reuters report citing sources.
Founded in 2011, Kunlunxin mainly supplies chips to its parent company Baidu. While Baidu retains a controlling stake, the company operates independently and has broadened its scope to external sales over the past two years.
The report comes as China accelerates efforts to strengthen its position in the increasingly competitive AI sector.
"Despite Chinese progress, the United States remains for now ahead in the race for dominance over the so-called artificial intelligence hardware stack – the resources and equipment, especially semiconductors, needed to run AI models," according to a report by Brussels-based economic think tank Bruegel.
However, the think tank also noted that "the signs of Chinese catch-up are real," citing factors such as an open-sourced toolkit with a state-backed contributor pipeline and a large enough domestic market that could buoy the ecosystem through its immature phase.
