China’s Internet Giants Back A Smartphone On Four Wheels

Baidu earned a neat three percent bump in stock prices on Thursday after they recorder higher-than-expected revenues. One project that they’ll be spending the cash on is their driverless car unit, a research and development effort spanning between the U.S. and China.

“We believe that the automobile is the next major computing platform,” said CEO Robin Li during a call with analysts, forecasting an “aggressive” spend on the project.

Mr Li’s comments come just a few days after LeEco CEO Jia Yueting said that he considers the car “a smart mobile device on four wheels.”

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