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Forbes Names China’s Top 100 Businesswomen of 2021 With 40 New Entries
China’s Electric Vehicle Sales Expected to Grow 51% This Year, Research Firm Says
Chip Startup Horizon Robotics Joins Hands with Automaker to Develop Smart Cars
Chinese Copycats Rush in as Clubhouse is Blocked in China
Honor of Kings Retains Top Spot as World’s Highest-Earning Mobile Game
Trending in China: Employee Punished After Gaining Beijing Residency Rights Then Quitting Firm
Industrial Software Startup Eyes Southeast Asia With Latest Funding
Alibaba-Backed Lender MYBank is One of First Privately Owned Banks to Join Digital Yuan Pilot
China Still Far From Semiconductor Self-Sufficiency, Report Says
Tencent-Backed Esports Company VSPN Weighing U.S. IPO
Trending in China: Ride-Hailing Van Death Raises Concerns About Women’s Safety
Mobike Co-Founder Hired to Lead Baidu-Geely Electric Car Firm
Geely and Concordium Team Up to Tap Blockchain Opportunities in China
Trending in China: Today Smartphones, Tomorrow Smart Cars? Xiaomi Rumors Fly
Trending in China: Young Chinese Techie Becomes Internet Star After Chat With Apple’s Cook
Mastercard Partners with Fintech Firm to Launch Central Bank Digital Currency-Linked Prepaid Card
European Consumers Group Targets TikTok
Xiaomi Overtakes Samsung, Huawei in Russia for Smartphone Sales Online
Video Streamer iQiyi’s Subscribers and Revenue Fall, but so do Losses
Trending in China: Moutai Chief Engineer’s Academic Honor Raises Eyebrows, If Not Glasses
Can Baidu Make ‘Traffic Jams a Thing of The Past’ and Turn Finances Around?

By Anniek Bao / Sep 21, 2020 05:48 PM / Business & Tech

“AI-powered technology will make traffic jams a thing of the past,” said Baidu Inc. CEO Robin Li at a tech forum last week.

Li is counting on it. His internet firm, a dominant force in the PC era when its search engine was a popular gateway to the internet, has in recent years hemorrhaged business to the largely walled-off mobile ecosystems of Tencent Holdings Ltd. and Alibaba Group Holding Ltd.

The company sees smart vehicles as a lifeline, judging by its latest financial reports.

Li carved out a blueprint for the “intelligence of everything” as part of a media blitz for its self-driving car platform Apollo this month, as the search engine giant intensifies efforts to transform into an AI specialist.

A driverless taxi service running on its Apollo platform was last week given the green light to operate in Beijing, the third city in the country to do so.

Read the full story here

Contact editor Marcus Ryder (

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