Chinese robotaxi firms list in Hong Kong

Shares in Chinese self-driving start-ups Pony.AI and WeRide tumbled on their Hong Kong debuts Thursday, after raising more than US$1.1 billion.The Chinese firms, which listed in New York last year, are looking to expand their foothold abroad with rivals including tech giant Baidu.

Tony Han, founder and CEO of WeRide expressed to contribute to the advancement of autonomous driving in China, and even the world." China has rapidly promoted driverless taxis and hopes to further reduce transportation costs by integrating artificial intelligence.