Golden Ten Data reported on July 13 that Baidu’s driverless travel platform Radish Express has recently attracted much attention, driving Baidu’s Hong Kong stocks to rise by more than 12% on the 10th, which is the highest point in the past month or so. But JPMorgan Chase & Co. believes that Baidu’s self-driving taxi market is premature and fundamentally sound, and its share price rally may weaken in the short term. Analysts at JPMorgan Chase & Co. further pointed out that if Carrot Express can improve profitability, it is expected to achieve breakeven in a single city in the second half of 2024, but the impact on the group’s finances will remain small, and when its business reaches a larger scale, which could be as early as the second half of 2025.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
