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21 May 2025

Baidu’s robotaxi service completes 11 million rides as company beats earnings expectations

Baidu’s robotaxi service completes 11 million rides as company beats earnings expectations

Chinese internet search giant Baidu said on Wednesday that its Apollo Go robotaxi service has provided more than 11 million rides since launching in 2019. The Beijing-based firm reported that Apollo Go completed 1.4 million rides globally in the first quarter, up 75 per cent year on year. In addition to mainland China, the service […]

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Chinese biotech firm secures US billion Pfizer deal for cancer drug

Chinese biotech firm secures US$6 billion Pfizer deal for cancer drug

Chinese drug maker 3SBio has licensed its new cancer drug to US pharmaceutical giant Pfizer in the largest deal ever for China’s biotech industry, underscoring the strong commercial Sino-US ties despite geopolitical headwinds. Based in Shenyang, capital of northeastern Liaoning province, 3SBio will receive a US$1.25 billion upfront payment for licensing its cancer drug SSGJ-707

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Google pushes AI upgrades, subscriptions as OpenAI’s ChatGPT threatens search business

Google pushes AI upgrades, subscriptions as OpenAI’s ChatGPT threatens search business

Alphabet’s Google said on Tuesday it would put artificial intelligence (AI) into the hands of more web surfers while teasing a US$249.99-a-month subscription for its AI power users, its latest effort to fend off growing competition from start-ups like OpenAI. Google unveiled the plans amid a flurry of demos that included new smart glasses during

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