Understanding the Market | Baidu Group-SW rose over 10% in the afternoon, rumored that Apple's smart domestic version plans to launch by the end of the year, Luobo Kuai Pao accelerates expansion into overseas markets
Baidu Group-W's stock price rose more than 10% in the afternoon, with an increase of 9.48% as of the time of publication, trading at HKD 106.3, with a transaction volume of HKD 3.032 billion. Meanwhile, Apple plans to launch a domestic version of its smart products by the end of the year, with Baidu AI providing support. In addition, Luobo Kuaipao is accelerating its expansion into overseas markets, establishing strategic partnerships with Uber and Lyft, and plans to deploy autonomous driving services in multiple markets worldwide
According to Zhitong Finance APP, Baidu Group-W (09888) rose more than 10% in the afternoon, and as of the time of writing, it was up 9.48%, trading at HKD 106.3, with a transaction volume of HKD 3.032 billion.
In terms of news, media reported today that due to internal and external issues, Apple was unable to launch the domestic version of the Apple smart device as planned in the middle of the year, but Apple is still committed to achieving this goal. Alibaba will continue to serve as the base model provider, driving the domestic version of Apple smart services; Baidu AI will also support Siri and visual intelligence, equivalent to the role of OpenAI in the non-domestic version. Apple's plan is to go live by the end of this year, implemented with the iOS 26.1 or iOS 26.2 update, although there is still a high possibility of delay, and the Apple team is actively testing these features with Chinese employees.
In addition, in July of this year, LoBo Kuaipao announced a strategic partnership with Uber, the world's largest mobile transportation service platform, to expand LoBo Kuaipao's autonomous driving services to multiple global markets outside the United States and mainland China. In August, LoBo Kuaipao established a strategic partnership with Lyft, Inc. to deploy fully autonomous vehicles through the Lyft platform in major European markets, starting in Germany and the UK, and gradually expanding throughout Europe, with a scale reaching thousands of vehicles
