Autonomous Driving Concept Stocks Watch | BIDU-W (09888.HK) traded weaker in the afternoon; its AI business revenue reached RMB26.1 billion in the first half of the year, representing a year-on-year increase of 36%

NewTimeSpace News: On 23 September 2026,BIDU-W(09888.HK) traded weaker. As of 15:14, it was quoted at HK$88.85, down 0.73%.

Public industry information shows that Baidu posted total revenue of RMB63.4 billion for the first half of 2026. Among this figure, Baidu’s general business revenue stood at RMB51.2 billion; revenue from the AI business was RMB26.1 billion, rising 36% year on year and accounting for 51% of Baidu’s general business revenue.

According to the Shanghai Securities News, the automotive industry is entering the second half of intelligent transformation. For passenger vehicles, data from China Automotive Technology and Research Center shows that the penetration rate of L2-level products climbed from 25% in 2021 to 64.9% in 2025 and has exceeded 70% to date, becoming standard vehicle equipment. In the field of autonomous driving, the first batch of L3 autonomous vehicles has begun operating in designated areas and is gradually being rolled out and popularized.

BIDU-W (09888.HK) Focuses on the R&D of L4 autonomous driving algorithms and the commercialization of unmanned Robotaxis. Leveraged by the ERNIE foundational model and optimized by the Qianfan compute base, its "Apollo Go" autonomous ride-hailing service has achieved large-scale, normalized commercial operations across multiple core cities in China, with cumulative autonomous test mileage exceeding hundreds of millions of kilometers. Through high-frequency, high-confidence real-world road test data cleansing, the company continues to solidify the most robust data asset and algorithmic moat within the HKEX autonomous driving sector.

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