Baidu claims its robotaxis have grabbed 10% of the journey-hailing market place in a suburb of Beijing

Crucial Points

Chinese tech giant Baidu stated its robotaxis have grabbed about 10% of the trip-hailing market in a suburb of Beijing town.
Baidu began presenting no cost robotaxi rides in the suburban area in October 2020, and obtained acceptance to gather fares in November 2021.
Having said that, CNBC checks of the Baidu robotaxi application have showed rides remain seriously subsidized, even as of Wednesday.

Supply

Finance

China’s EV race to the bottom leaves a few possible winners

June 8, 2025

Source

Finance

When it comes to saving, Gen Z asks: ‘What’s the point?’ That’s dangerous, expert says

June 7, 2025

FA Playbook When it comes to saving, Gen Z asks: ‘What’s the point?’ That’s dangerous, expert says Published Sat, Jun 7 20256:15 AM EDT Greg Iacurci@GregIacurci WATCH LIVE Source

Finance

Stocks making the biggest moves midday: Petco Health, Tesla, Circle, Lululemon & more

June 6, 2025

Check out the companies making the biggest moves midday: Petco Health — The retailer slumped 22% after losing 4 cents per share in the fiscal first quarter, twice the 2-cent loss that analysts had estimated, based on FactSet data. Revenue of $1.49 billion missed the Street’s $1.50 billion consensus, while same-store sales dropped 1.3%, worse […]