Biggest technology Chinese company has reported amazing revenue for this year: 31.9 billion yuan about $4.95 billion. This is actually approximately 13% more than the last year. Normally we are not surprised of that because this Chinese tech giant invest more and more money in technology, and because of that they have products like Baidu’s Apollo L4 self-driving vehicles. Robin Li, co-founder of Baidu said that they are already offering Apollo Go robotaxi services which until now have provided more than 100,000 rides in the third quarter of this year. But also comparing with other countries in the world this kind of service is the largest one, and they want until 2025 offer these services in more than 60 cities in the China, and until 2030 more than 100 cities.
Nevertheless they’re still investing in in innovative technology which is the most important thing for good business. So almost every year they are bringing new innovations to the world. This is of course helping the business to continue grow. So they also have built Baidu Apollo smart transportation, intelligent driving for smooth traffic control. So from what we can see Chinese technology is rapidly improving. So we can say with self-driving, smart devices, cloud services, Baidu has all prerequisites for long-term growth. Besides that it is very interesting that mobile ecosystem has approximately 600 million users which is proximately 10% more than last year.