Baidu Inc. (BIDU) Boosts Global Ride-Hailing Presence

Baidu, Inc. (NASDAQ:BIDU) is one of the best emerging markets stocks to buy right now. On February 10, Baidu, Inc. (NASDAQ:BIDU) joined forces with Uber Technologies to launch the Apollo Go autonomous ride-hailing service in Dubai in the coming month.

The autonomous vehicles are to operate in select locations, with plans to expand across Jumeirah city, subject to regulatory approvals and operational performance. Passengers booking Uber Comfort or UberX rides are to be matched with an Apollo Go vehicle.

“Bringing Apollo Go to Dubai via the Uber platform marks a pivotal step in our mission to provide safe, efficient, and accessible autonomous mobility worldwide,” said Nan Yang, Vice President of Baidu and General Manager of Overseas Business Unit, Intelligent Driving Group.

Last December, Baidu also teamed with Uber to bring its autonomous ride-hailing service to London. It has also unveiled Apollo Go in 22 cities globally and completed more than 17 million cumulative rides since the fourth quarter of last year.

Baidu, Inc. (NASDAQ:BIDU) is a leading Chinese multinational technology company specializing in internet-related services, products, and artificial intelligence (AI). It has evolved from a search engine provider into a comprehensive AI ecosystem, including full-stack AI technologies (AI chips, deep learning frameworks, and models).

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Disclosure: None. This article is originally published at Insider Monkey.