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Stock impact report

Pony.ai wins first permit for fully driverless taxi operation in the center of China's Silicon Valley [MSNBC.com]

TENCENT HLDGS UNSP/ADR (TCEHY) 
NASDAQ:AMEX Investor Relations: tencent.com/en-us/investor.html
Company Research Source: MSNBC.com
Key PointsA Pony.ai robotaxi drives on a public road in a suburb in southern Beijing on July 11, 2024.China News Service | China News Service | Getty ImagesEMBARGOED UNTIL FURTHER NOTICEBEIJING — In the latest step toward building a revenue-generating robotaxi business, Chinese start-upThe city is a coastal tech hub in southern China, sometimes dubbed the country's Silicon Valley.The license allows Pony.ai to charge fares for rides — without any human staff inside — in key parts of the district of Nanshan, home to tech giants Tencent and DJI. The permit does not cover trips across the entire space, limiting it to areas such as the financial sub-district.Pony.ai has already operated robotaxis in parts of a neighboring Shenzhen district and can run taxis with human staff inside on routes that connect to the Shenzhen international airport and Shenzhen Bay Checkpoint on the border with Hong Kong.While Pony.ai did not disclose how many robotaxis it could operate in the Shenzhen region, the Show less Read more
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