When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
DIDIY - DiDi Global: Fear Over Baidu's Robotaxi Overdone
DiDi Global Inc. American Depositary Shares (each four representing one Class A)
2024-07-13 07:58:25 ET
Summary
DiDi Global's stock dropped over 6% for two days due to concerns over the impact of Robotaxi on its China business.
DiDi has been investing in autonomous driving technology since 2016 and is prepared for the potential widespread adoption of Robotaxi in China.
DiDi's muted reaction to Baidu's early success with Robotaxi in Wuhan is strategic, as it aims to avoid creating more trouble with the Chinese government.