Movement Alert｜BIDU-SW Rises 3.33% in Regular Trading, Apollo Go London Road Test and Dual Primary Listing Progress Boost Sentiment

Market Focus07-31

On July 31, BIDU-SW rose 3.33% in regular trading, trading at 104.1 HKD/share, with turnover of 88.732 million HKD.

On the news front, the stock was buoyed by two key catalysts. First, Baidu's Apollo Go (Luobo Kuaipao) autonomous ride-hailing platform, in partnership with Lyft's FREENOW mobility platform, has commenced public road testing of its sixth-generation RT6 self-driving vehicles in London's Brent area, marking the first time Chinese autonomous vehicles have conducted real-world testing on UK roads. The service plans to open to public passengers in 2027, with autonomous vehicles operating alongside FREENOW's existing taxi and private hire network. The right-hand-drive market covers over 70 countries and more than 2 billion people globally.

Second, Baidu's application to convert its Hong Kong secondary listing to a dual primary listing has been acknowledged by HKEX, with a special general meeting scheduled for August 26 to approve related mandates. Market expectations suggest the company could be eligible for inclusion in Stock Connect following the conversion.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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