Baidu's tie-up with Uber demonstrates scaling capabilities in ride-hailing industry - Jefferies

Kevin Frayer

Jefferies views Baidu's (NASDAQ:BIDU) newly announced partnership with Uber (NYSE:UBER) for robotaxi services in Asia (excl. China) and the Middle East as a positive, which underscores the Chinese company's leading position in autonomous technology.

Shares of Baidu were up 9%