On July 10th, Baidu's share price in the Hong Kong stock market started strong, with a significant increase after the opening. According to the latest reports, Baidu's share price surged by over 11%, reaching a high of 95 Hong Kong dollars.
At the same time, Baidu's performance in the US stock market was also robust, with its share price rising by 8.47% at the close, ending at 95.4 US dollars.
Behind this rise in share price, a series of positive news has been supporting it. Baidu's Intelligent Cloud recently announced that its latest Wenxin Large Model 4.0 Turbo will be fully opened to corporate clients, which undoubtedly enhances the market's confidence in Baidu's technical capabilities.
In addition, the Beijing Municipal Commission of Economy and Information Technology recently released the "Regulations for Autonomous Driving Vehicles in Beijing (Consultation Draft)", publicly soliciting opinions from all sectors of society. According to the draft, Beijing plans to support the provision of autonomous driving vehicles in multiple fields such as urban public transportation, ride-hailing, and car rental. This policy support for the development and application of autonomous driving technology also brings new growth opportunities for related companies, including Baidu.