Baidus shares surged after announcing a strategic partnership with Uber to roll out autonomous robotaxis worldwide. On Baidu Inc. (HK:9888) rose as much as 4% to HK$92.10 in Hong Kong before settling

Uber has partnered with a number of firms for robotaxi services, but this latest alliance is getting more attention than most.

Uber just announced a deal today with the company that runs one of the largest robotaxi fleets in China, as the ridehail giant nears its goal of becoming the world’s ultimate autonomous vehicle clearinghouse.

Uber and Baidu join forces in the self-driving taxi market, combining Uber's network with Baidu's Apollo Go robotaxi fleet that has completed over 11 million rides across 15 cities.