Bei Jing Shang Bao·2025-09-18 05:58Group 1 - Baidu's stock price surged 16% on September 17, closing at HKD 131.4, with a total market capitalization approaching HKD 400 billion, marking a year-to-date increase of over 59% [1] - The strong market sentiment is driven by Baidu's robust development in the autonomous driving sector, with its "Luobo Kuaipao" service making significant strides in the global trillion-dollar market [3] - Baidu's Q2 financial report indicates that "Luobo Kuaipao" has expanded to 16 cities globally, providing over 14 million autonomous rides and achieving a safe driving mileage of over 200 million kilometers, surpassing Waymo's 150 million kilometers [3] Group 2 - The global autonomous driving market is highly competitive, with "Luobo Kuaipao," Waymo, and Tesla being the three major players, leading to intensified competition [5] - Waymo, while currently lacking competition in the U.S., faces significant competition from "Luobo Kuaipao" on a global scale, despite its advanced vehicle deployment in major U.S. cities [5] - The competition in the autonomous driving sector is not only a technological battle but also a contest of policy innovation and government support, highlighting the need for domestic companies to secure greater policy backing to maintain their technological edge [7]