Baidu released its Q2 2024 financial report, showing total revenue stable compared to last year, with the autonomous driving business performing impressively. Luobo Kuaipao completed approximately 899,000 orders in Q2, a year-over-year increase of 26%, with cumulative service orders surpassing 7 million, reflecting market demand and user recognition. Baidu founder Li Yanhong discussed the operations of Luobo Kuaipao in Wuhan during the earnings call, revealing that the fleet currently consists of around 400 vehicles, but the market share is only 1%. Despite the challenges of expanding market share, Li Yanhong remains optimistic about the future of Luobo Kuaipao.
