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China tech

Baidu sees profit in curing Chinese drivers' parking headache

Self-parking poised to generate cash sooner than full autonomous vehicles

Chinese internet search leader Baidu is banking on autonomous vehicles, as with this self-driving bus.   © Reuters

BEIJING -- China's top search engine group Baidu looks to start reaping income on early stage autonomous-driving technologies, as its bread-and-butter online advertising business suffers from tighter regulations.

During an annual conference of the tech giant on Wednesday, CEO Robin Li demonstrated a "valet parking" service that lets a car find a parking spot on its own after dropping off the driver.

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