WeRide tries buyback maneuver in tight robotaxi race
The developer of driverless technology has unveiled a $100 million share buyback program in a bid to reassure investors after a stock price slide Key Takeaways: Shares in the robotaxi…
BRIEF: WeRide launches 24-hour robotaxi service in Guangzhou
Robotaxi operator WeRide (WRD.US) on Wednesday said it launched China’s first 24-hour robotaxi network covering the core areas of a major tier-one city, starting with eight pilot routes in downtown…
Uber’s Chinese robotaxi romance, and Webull’s strong debut
Uber has signed new alliances with Chinese robotaxi operators Momenta and Pony AI, and fortified an existing partnership with WeRide. Why the sudden embrace of Chinese robotaxis? And Webull's stock has charged from the gate with massive gains following its SPAC listing. What's driving this company, which is an unusual hybrid of a U.S.-based business with strong China ties?
BRIEF: Uber taps Chinese partners to accelerate global robotaxi expansion
Ride-hailing platform Uber (UBER.US) is ramping up its efforts in the robotaxi space, teaming up with a growing number of operators to promote the driverless service. Following its announcement this…
Chenqi keeps racking up losses in congested China ride-hailing race
The shared economy platform bled more red ink last year, as its hyped robotaxi business fails to show any signs of breakthroughs Key Takeaways: Chenqi lost 564 million yuan in…
Two IPOs: One in Autonomous Driving and One in Gold
Robotaxi operator Pony.ai raised more than $400 million in its U.S. IPO. And jewelry store operator Mokingran raised a smaller $67 million in its Hong Kong listing By Doug Young…
BRIEF: Pony.ai drops 7.7% in Nasdaq debut
Shares of robotaxi operator Pony.ai (PONY.US) fell 7.7% in their Nasdaq trading debut on Wednesday, after the company raised $260 million by selling 20 million American depositary shares (ADS) priced…
