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Baidu Posts Q1 2019 Net Loss of RMB 327 Mln

Baidu, 5/16/19

Chinese search engine operator and AI technology developer Baidu (Nasdaq: BIDU) today announced its unaudited financial results for the first quarter ended March 31, 2019. Read More

Baidu, FAW to Jointly Launch L4 Autonomous Passenger Car by End of 2019

Baidu, 11/01/18

Robin Li, CEO of Baidu (Nasdaq: BIDU), announced today at the annual Baidu World event in Beijing that the Chinese internet giant plans for volume production of China’s first Level 4 (L4) Hongqi autonomous driving passenger vehicle in collaboration with Chinese automaker FAW Group, collaboration with Chinese-owned Swedish car manufacturer Volvo to jointly develop electric cars with full autonomous capabilities for the China market, and plans for autonomous driving taxis. Read More

Autonomous Cargo Vehicle Maker Fabu Wins Investment from Sinovation

36Kr.com, 6/12/18

Hangzhou-based autonomous cargo vehicle developer Fabu Technology recently gave an update on its technology progress and future plans, and confirmed new investment from Sinovation Ventures. Read More

Tencent Tests Delivery Robot

Sina Tech, 6/11/18

Chinese internet conglomerate Tencent (0700.HK) has launched an applet for "WePost," an express delivery/logistics service. Read More

Baidu, Panda Car Jointly Launch Shared Autonomous Vehicle Pilot in Chongqing

Tencent Tech, 5/24/18

Chinese internet company Baidu (Nasdaq: BIDU) and Chongqing-based new energy car rental app operator Panda Car Rental have launched China's first shared autonomous vehicle pilot program in Chongqing. Read More

Autonomous Vehicle Solutions Firm Roadstar.ai Wins USD 128 Mln Series A

36Kr.com, 5/15/18

Shenzhen-based Level 4 self-driving vehicle solutions developer Xingxing Technology (Roadstar.ai) announced today the completion of USD 128 mln in Series A funding (approximately equivalent to RMB 812 mln) jointly led by Wu Capital and Shenzhen Capital Group and with participation from previous investor Yunqi Partners and new participants CMB International and Vision Plus Capital. Read More

Didi Chuxing Wins Autonomous Vehicle Testing License in California

Tencent Tech, 5/14/18

Chinese taxi booking and car hire service app Didi Chuxing's US-based research institute Didi Labs has secured a license for autonomous driving road tests, according to a list recently released by California's Department of Transportation. Read More

Electric Car Maker CHJ Automotive Wins RMB 3 Bln Series B

36Kr.com, 3/22/18

Beijing-based automobile startup CHJ Information Technology (CHJ Automotive) has announced the recent completion of RMB 3.0 bln in Series B funding from Matrix Partners China and a new energy fund in Shougang Fund's portfolio. Read More

Driverless Truck Technology Developer TuSimple Wins USD 55 Mln Series C

36kr.com, 11/21/17

Beijing-based driverless truck technology developer Tusen Weilai Technology (TuSimple) has announced completion of USD 55 mln in Series C funding led by Hong Kong-based Composite Capital, with participation from Chinese internet company Sina (Nasdaq: SINA) and Zhiping Capital. Read More

Baidu, BAIC Aim for Mass Production of Autonomous Cars by 2021

Tencent Tech, 10/13/17

Beijing-based automaker BAIC Group and Chinese internet company Baidu (Nasdaq: BIDU) have announced the formation of a group level strategic partnership concerning autonomous cars, telematics, and cloud services. Read More