Shares of Baidu ( BIDU 9.13%) charged sharply higher on Tuesday, surging as much as 9%. As of 12:46 p.m. ET, the stock was still up 8.5%. The catalyst that sent the Chinese tech giant higher was a high-profile partnership for its self-driving car platform.

Asian sales of bonds that can be turned into shares have soared in 2025, heading toward multiyear highs, as interest rates remain elevated and rallying stocks create the right conditions for this corner of the market to thrive.

Baidu’s search engine upgrades are its most significant changes in a decade. The AI features include longer queries, voice search, and image input.

For a company long defined by proprietary development, this move is a symbol of a broader technological undercurrent sweeping across China: from innovation to diffusion.

Baidu and Uber are teaming up to deploy thousands of the Chinese company's autonomous vehicles across global markets on the ride-hailing app's platform. The companies said Tuesday that the partnership will increase the supply of affordable and reliable ridesharing options by bringing Baidu's robotaxi unit onto Uber's network.

Uber and China's Baidu will partner to deploy thousands of Baidu’s Apollo Go autonomous vehicles on the Uber platform across several global markets outside the United States and mainland China, the companies said on Tuesday.

Alibaba stock, JD.com, Baidu and Tencent rise after China reported mixed economic data for the second quarter.

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