China’s Baidu (BIDU) Eyes Robotaxi Expansion to Singapore, Malaysia

Baidu, Inc. (NASDAQ:BIDU) is one of the 12 best cryptocurrency and blockchain stocks to buy. On June 20, media reports indicated the company plans to launch its Apollo Go Robotaxi service in Singapore and Malaysia.

China’s Baidu (BIDU) Eyes Robotaxi Expansion to Singapore, Malaysia

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Reports indicate Baidu’s Apollo Go is in discussions with potential partners to explore the right business for the two markets. Baidu’s Chief Executive Officer has already confirmed they are seeking partners such as mobility service providers and local taxi companies as part of the expansion strategy.

Expansion in the Southeast Asian market comes as Baidu boasts of the largest fleet among the Chinese robotaxi companies, with more than 1,000 cars. It has also announced plans to expand into the Middle East.

Baidu, Inc. (NASDAQ:BIDU) as China’s leading search engine, is involved in blockchain and cryptocurrency technologies, particularly in BaaS (Blockchain as a Service) and DApp (Decentralized Application) development.

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