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Baidu Gets Green Light for Commercial Robotaxis in Beijing. It’s Good for the Stock.

Chinese tech titan Baidu (ticker: BIDU) received approval Thursday to operate commercial driverless robotaxi services in a specified zone in Beijing, sending the stock higher in Hong Kong trading.

Toyota (7203.Japan)-backed self-driving start-up Pony.ai Inc. was also granted a license, in the first ever regulatory approvals for paid driverless taxis by Chinese authorities, after testing periods. 

Baidu’s…

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