HK Stock Market Move | Baidu's stock (09888) increases by more than 7%. Baidu's self-driving car layout in the UK. Self-developed AI chip Kunlun Core is expected to enter a period of high volume.

BIDU-SW (09888) rose more than 7%, up 6.8% at the time of writing, to 127.2 Hong Kong dollars, with a turnover of 9.54 billion Hong Kong dollars. On the news front, on December 22, the American ride-hailing platforms Uber and Lyft announced a partnership with Baidu, planning to launch a pilot project of unmanned taxi (Robotaxi) in the UK by 2026. Public data shows that currently, the number of fully unmanned orders for Didi Chuxing has exceeded 250,000 per week, with a global cumulative travel service exceeding 17 million times, surpassing Waymo in total service orders, becoming the world's leading autonomous travel service provider. It is worth noting that Baidu Group announced earlier this month that there were reports of the company planning to spin off its non-wholly-owned subsidiary, Kunlun Xian (Beijing) Technology Co., Ltd., for independent listing. The company hereby clarifies that it is currently evaluating the proposed spin-off and listing. If the proposed spin-off and listing proceed, it will be subject to relevant regulatory approval procedures, and the company does not guarantee that the proposed spin-off and listing will take place. Shenwan Hongyuan Group released a research report stating that Baidu's self-developed AI chip Kunlun Xian is expected to enter a volume growth period.