Flight Deck Capital is optimistic about Baidu’s Apollo Go robo-taxi business, predicting significant growth in China’s taxi and ride-share market, which is expected to reach $237 billion by 2034. Apollo Go is anticipated to capture a 15% market share, but interestingly, the market currently assigns zero value to Baidu’s cloud and robo-taxi segments. Meanwhile, Hong Kong-based Apeiron Capital has expressed confidence in DiDi Global due to its improving margins in China and rapid expansion in Latin America. Triata Capital is bullish on PDD, the parent company of Temu, noting that Temu’s monthly active users have already surpassed those of Amazon.
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