Uber Plans to Introduce Robotaxi Services in Over 10 Markets by Late 2026, Potentially Including Hong Kong
Robotaxi Services Expansion: Uber's CEO, Dara Khosrowshahi, predicts that robotaxi services will be operational in over ten markets by the end of 2026, with potential locations including Hong Kong and Japan.
Collaboration with Baidu: In July, Uber and Baidu announced a multi-year partnership to introduce driverless taxi services in various markets outside the US and China using the Uber platform.
Trade with 70% Backtested Accuracy
Analyst Views on 09888
About the author
Daiwa Projects BIDU-SW's Kunlunxin IPO Valuation to Exceed Competitors, AI Business Growth Expected to Continue
Kunlunxin IPO Valuation: Daiwa predicts that BIDU-SW's Kunlunxin IPO valuation will exceed that of its competitors due to its larger revenue and better profitability, with major clients including Tencent and a large telecom operator.
Chip Production Capacity: Kunlunxin's management has assured that chip production capacity constraints are not a concern in the short term, as they have secured enough supply for the next two years.
AI Business Growth: Daiwa believes that BIDU-SW's focus on developing high-performance, low-cost AI models will drive significant revenue growth, supported by ongoing investments in AI and operational efficiency improvements.
Investment Rating and Target Price: Daiwa has maintained a Buy rating on BIDU-SW with a target price of HKD175, highlighting recent catalysts such as the Kunlunxin listing and the 2026 dividend plan.
<Research> JPM: BIDU-SW (09888.HK) Dip Presents Opportunity Amid Steady Kunlunxin Fundamentals
Stock Performance: BIDU-SW's US stock and H-shares saw significant increases of approximately 85% and 89% respectively from August 2025 to mid-January 2026, driven by interest in its AI infrastructure, particularly Kunlunxin.
Recent Pullback: Since January 22, 2026, BIDU-SW's US stock and H-shares have declined by 24% and 22% respectively, attributed to a capital shift towards 'pure AI' companies rather than fundamental changes in Kunlunxin.
Investment Outlook: JPMorgan views the recent capital rotation as an investment opportunity, highlighting Kunlunxin's long-term profit potential as superior and more visible compared to other Chinese model developers.
Broker Ratings: JPMorgan has rated BIDU-SW's US stock and H-shares as Overweight, with target prices set at US$200 and $195, respectively, while Citi has raised Baidu's target price to US$188, maintaining a Buy rating.
BIDU-SW to Establish International Autonomous Driving Hub for Apollo Go in Hainan
Strategic Cooperation: The People's Government of Hainan Province and BIDU-SW have established a strategic cooperation agreement aimed at leveraging Hainan Free Trade Port policies for the cross-border flow of data related to intelligent connected vehicles.
Autonomous Driving Center: As part of the agreement, BIDU-SW will initiate the construction of an international autonomous driving regional center for Apollo Go, which will serve as a hub for intelligent connectivity and data innovation.
Daiwa Maintains Buy Rating on BIDU-SW, Anticipates Kunlunxin Spin-off Will Lead to Re-Rating
Earnings Performance: BIDU-SW's 4Q25 revenue met expectations, while earnings exceeded forecasts due to effective cost control that improved gross margins.
Spin-off Plans: The management's ongoing plan to spin off Kunlunxin is seen as a potential short-term catalyst for valuation, with its implied equity value estimated to be around half of BIDU-SW's market cap.
Net Income Decline: The company's 4Q Non-GAAP net income fell by 41.8% to RMB3.907 billion, slightly above the upper end of forecasts.
Analyst Rating Update: Daiwa has maintained a Buy rating on BIDU-SW and raised its target price from HKD171 to HKD175.
HSTECH Falls 10% in February, Down 23% Overall from October's High
Market Decline: The HSTECH index fell 10% in February, marking its steepest decline since January 2024, driven by weak corporate earnings and low buying interest from mainland investors, resulting in a 23% drop from its peak last October.
Investor Sentiment: Confidence in Chinese tech giants has decreased due to high valuations and increased market competition, leading investors to redirect funds towards chip manufacturers and newly listed AI companies.
BIDU-SW Performance: BIDU-SW reported a 41.8% drop in non-GAAP net income for Q4, slightly exceeding forecasts, and was one of the largest decliners in the HSTECH, with a 19% plunge this month.
Short Selling Activity: The short selling activity for BIDU-SW reached $494.21 million, with a short selling ratio of 28.888%, indicating significant bearish sentiment among investors.
UOB Kay Hian: BIDU-SW (09888.HK) Exceeds Expectations in 4Q25 Results; Maintains Buy Rating
4Q25 Financial Performance: Baidu's 4Q25 results showed a 4% YoY revenue decline to RMB32.7 billion, with a gross profit margin decrease to 44.2% and a 42% drop in non-GAAP net profit to RMB3.9 billion, all of which exceeded market expectations.
Analyst Ratings and Target Prices: UOB Kay Hian maintained a "Buy" rating for Baidu, adjusting target prices for its H-shares and US stock to $175 and $194, respectively, based on a projected 2026 PE ratio of approximately 22.6x.
AI Cloud Business Outlook: The visibility of monetization for Baidu's AI cloud business is improving, with the company holding the most comprehensive AI application portfolio in the industry, according to UOB Kay Hian.
Short Selling Data: As of February 27, 2026, Baidu's short selling amounted to $494.21 million, with a short selling ratio of 28.888%.
Daiwa Projects BIDU-SW's Kunlunxin IPO Valuation to Exceed Competitors, AI Business Growth Expected to Continue
Kunlunxin IPO Valuation: Daiwa predicts that BIDU-SW's Kunlunxin IPO valuation will exceed that of its competitors due to its larger revenue and better profitability, with major clients including Tencent and a large telecom operator.
Chip Production Capacity: Kunlunxin's management has assured that chip production capacity constraints are not a concern in the short term, as they have secured enough supply for the next two years.
AI Business Growth: Daiwa believes that BIDU-SW's focus on developing high-performance, low-cost AI models will drive significant revenue growth, supported by ongoing investments in AI and operational efficiency improvements.
Investment Rating and Target Price: Daiwa has maintained a Buy rating on BIDU-SW with a target price of HKD175, highlighting recent catalysts such as the Kunlunxin listing and the 2026 dividend plan.
<Research> JPM: BIDU-SW (09888.HK) Dip Presents Opportunity Amid Steady Kunlunxin Fundamentals
Stock Performance: BIDU-SW's US stock and H-shares saw significant increases of approximately 85% and 89% respectively from August 2025 to mid-January 2026, driven by interest in its AI infrastructure, particularly Kunlunxin.
Recent Pullback: Since January 22, 2026, BIDU-SW's US stock and H-shares have declined by 24% and 22% respectively, attributed to a capital shift towards 'pure AI' companies rather than fundamental changes in Kunlunxin.
Investment Outlook: JPMorgan views the recent capital rotation as an investment opportunity, highlighting Kunlunxin's long-term profit potential as superior and more visible compared to other Chinese model developers.
Broker Ratings: JPMorgan has rated BIDU-SW's US stock and H-shares as Overweight, with target prices set at US$200 and $195, respectively, while Citi has raised Baidu's target price to US$188, maintaining a Buy rating.
BIDU-SW to Establish International Autonomous Driving Hub for Apollo Go in Hainan
Strategic Cooperation: The People's Government of Hainan Province and BIDU-SW have established a strategic cooperation agreement aimed at leveraging Hainan Free Trade Port policies for the cross-border flow of data related to intelligent connected vehicles.
Autonomous Driving Center: As part of the agreement, BIDU-SW will initiate the construction of an international autonomous driving regional center for Apollo Go, which will serve as a hub for intelligent connectivity and data innovation.
Daiwa Maintains Buy Rating on BIDU-SW, Anticipates Kunlunxin Spin-off Will Lead to Re-Rating
Earnings Performance: BIDU-SW's 4Q25 revenue met expectations, while earnings exceeded forecasts due to effective cost control that improved gross margins.
Spin-off Plans: The management's ongoing plan to spin off Kunlunxin is seen as a potential short-term catalyst for valuation, with its implied equity value estimated to be around half of BIDU-SW's market cap.
Net Income Decline: The company's 4Q Non-GAAP net income fell by 41.8% to RMB3.907 billion, slightly above the upper end of forecasts.
Analyst Rating Update: Daiwa has maintained a Buy rating on BIDU-SW and raised its target price from HKD171 to HKD175.
HSTECH Falls 10% in February, Down 23% Overall from October's High
Market Decline: The HSTECH index fell 10% in February, marking its steepest decline since January 2024, driven by weak corporate earnings and low buying interest from mainland investors, resulting in a 23% drop from its peak last October.
Investor Sentiment: Confidence in Chinese tech giants has decreased due to high valuations and increased market competition, leading investors to redirect funds towards chip manufacturers and newly listed AI companies.
BIDU-SW Performance: BIDU-SW reported a 41.8% drop in non-GAAP net income for Q4, slightly exceeding forecasts, and was one of the largest decliners in the HSTECH, with a 19% plunge this month.
Short Selling Activity: The short selling activity for BIDU-SW reached $494.21 million, with a short selling ratio of 28.888%, indicating significant bearish sentiment among investors.
UOB Kay Hian: BIDU-SW (09888.HK) Exceeds Expectations in 4Q25 Results; Maintains Buy Rating
4Q25 Financial Performance: Baidu's 4Q25 results showed a 4% YoY revenue decline to RMB32.7 billion, with a gross profit margin decrease to 44.2% and a 42% drop in non-GAAP net profit to RMB3.9 billion, all of which exceeded market expectations.
Analyst Ratings and Target Prices: UOB Kay Hian maintained a "Buy" rating for Baidu, adjusting target prices for its H-shares and US stock to $175 and $194, respectively, based on a projected 2026 PE ratio of approximately 22.6x.
AI Cloud Business Outlook: The visibility of monetization for Baidu's AI cloud business is improving, with the company holding the most comprehensive AI application portfolio in the industry, according to UOB Kay Hian.
Short Selling Data: As of February 27, 2026, Baidu's short selling amounted to $494.21 million, with a short selling ratio of 28.888%.
