Baidu Group-SW (09888.HK) Surges Nearly 5% as Luobo Kuaipao Partners with Uber for Global Expansion-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Baidu Group-SW (09888.HK) Surges Nearly 5% as Luobo Kuaipao Partners with Uber for Global Expansion

Stock Track2025-07-16

Baidu Group-SW (09888.HK) shares climbed nearly 5% in Hong Kong trading, rising 4.73% to HK$91.85 with a turnover of HK$171 million. The rally follows Luobo Kuaipao's announcement of a strategic partnership with Uber Technologies to expand its autonomous driving services beyond mainland China and the United States.

On July 15, Baidu's autonomous vehicle unit revealed plans to deploy thousands of its robotaxis on Uber's global mobility platform. This collaboration aims to provide reliable autonomous ride-hailing services to Uber's international user base.

Baidu founder Robin Li described the alliance as "a crucial milestone" for Luobo Kuaipao's worldwide deployment strategy, emphasizing the companies' shared commitment to delivering safe, efficient transportation solutions globally. Uber CEO Dara Khosrowshahi highlighted Uber's unique position as the world's largest mobility platform to accelerate the adoption of Luobo Kuaipao's autonomous technology across international markets.

The partnership signals significant overseas expansion potential for Baidu's autonomous driving division, leveraging Uber's established network to scale operations beyond its current testing zones.

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