BIDU(HK:09888) Xin Lang Cai Jing·2025-11-04 02:33Core Viewpoint - Baidu Group's stock has seen a significant increase, rising nearly 6% to HKD 125.5, with a trading volume exceeding HKD 800 million, indicating strong market interest and confidence in the company's performance [1][2]. Group 1: Stock Performance - Baidu's stock price increased by 5.32%, reaching a peak of HKD 125.5 during trading [1][2]. - The stock opened at HKD 119.5 and had a trading volume of 7.0962 million shares, with a total transaction value of HKD 8.77 billion [2]. - The company's total market capitalization stands at HKD 343.221 billion, with a price-to-earnings ratio of 13.38 [2]. Group 2: Business Developments - Baidu is accelerating its global autonomous taxi service, Apollo Go, which has surpassed 250,000 fully autonomous ride-hailing orders per week as of October 31, matching the weekly paid ride volume reported by Waymo in April [1][3]. - Apollo Go operates mainly in Wuhan, Beijing, Shanghai, and Shenzhen, with plans to expand into Hong Kong, Dubai, Abu Dhabi, and Switzerland [3]. - The service has completed a total of 17 million orders, with vehicles traveling 240 million kilometers and achieving 140 million fully autonomous rides [3]. Group 3: Upcoming Events - Baidu plans to release its quarterly financial report before the US market opens on November 18 and will hold its annual technology conference in Beijing on November 13 [3].