Changes in Hong Kong stocks | Baidu Group - SW (09888) rose more than 4%, and its subsidiary Radish Express plans to test operation in Hong Kong

The Zhitong Finance App learned that Baidu Group - SW (09888) rose by more than 4%. As of press release, it had risen 4.05% to HK$81, with a turnover of HK$335 million.

According to reports, Baidu's driverless online car-hailing platform “Radish Run” is scheduled to be put into trial operation in Hong Kong, and the first phase of testing will be carried out at the airport as soon as the end of this year. The Transport Department of the Hong Kong Special Administrative Region Government confirmed that Baidu submitted applications for pilot autonomous driving test licences and automatic vehicle certificates last month. The Department will strictly control and promote autonomous vehicle testing in Hong Kong in an orderly and safe manner.

According to Baidu's latest financial report, the number of orders for autonomous driving for Radish Express in the third quarter of 2024 was 988,000, an increase of 20% over the previous year. Furthermore, in the third quarter of 2024, Radish Express accounted for more than 70% of the total number of driverless units in the country. In October 2024, the proportion of fully driverless units increased further to 80%.