Baidu robotic taxis on the street in Beijing.
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The shares of Chinese tech company Baidu are at all-time highs and could continue to rise, an investment bank executive said this week.
James Lee of Mizuho Securities said the company is well positioned to benefit from the expansion of the autonomous driving network in China. The country has ambitious plans to build transportation systems that support self-driving vehicles in 30 domestic markets, Lee told CNBC's Squawk Box Asia on Tuesday.
The country wants sensors and cameras on the road and in cars to be connected via 5G networks and needs an operating system to control the devices. This is where Baidu comes in.