JPMorgan Upgrades Baidu: Cloud and AI to Drive Growth
JPMorgan upgrades Baidu to Overweight, citing strong growth potential in cloud and AI, with a new price target of $188.
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Lyft Forecasts Strong Growth as Bookings Surge and Global Expansion Gains Momentum
Lyft projects up to $5.13 billion in Q4 bookings, signaling strong growth, expanding into Europe via Freenow, and boosting customer loyalty with new rewards and luxury ride options.
XPeng to Launch China’s First Self-Developed Robotaxi Fleet in 2026
XPeng plans to roll out three self-developed robotaxi models next year using its own chips, software, and hardware, marking a first for a Chinese automaker.
Baidu's Apollo Go Hits 250,000 Weekly Robotaxi Rides, Matching Alphabet's Waymo
Baidu's robotaxi unit hit 250,000 driverless weekly rides, matching Waymo's figures. They report zero major accidents.
Baidu Q2 2025: AI Growth Amidst Challenges
Baidu Q2 2025 revenue fell 4% to RMB 32.7B due to weak ads. Non-online marketing, driven by AI Cloud, grew 34%. Baidu pushes AI (ERNIE 4.5, MuseSteamer, Apollo Go global expansion), but faces economic downturn & rivals.