China’s biggest internet search company Baidu has won a bid to build public road infrastructure for self-driving cars in southwestern Chongqing municipality, a deal worth $7.5 million. Why it matters: Baidu is expanding from developing autonomous vehicle technology to offering cloud-based transport infrastructure for car connectivity amid rising 5G adoption in China. China in 2011 […]
The Olympics may have been delayed, but we saw a gold medal dive from Luckin Coffee’s shares. Its fraud is a cautionary tale—but about what?