Baidu Inc Stock Price, News & Analysis

Uber (NYSE:UBER) and Baidu (NASDAQ:BIDU) have announced a strategic multi-year partnership to deploy thousands of Baidu's Apollo Go autonomous vehicles on Uber's platform across global markets, excluding the US and mainland China.

The partnership will launch first in Asia and the Middle East in 2025, where riders requesting qualifying Uber trips may have their rides fulfilled by fully driverless Apollo Go vehicles. Apollo Go currently operates over 1,000 fully driverless vehicles across 15 cities, including Dubai and Abu Dhabi, and has completed more than 11 million cumulative rides.

Baidu (NASDAQ: BIDU) and Uber (NYSE: UBER) have announced a strategic multi-year partnership to deploy thousands of Apollo Go autonomous vehicles on Uber's platform across global markets, excluding the U.S. and mainland China.

Apollo Go, currently operating over 1,000 fully driverless vehicles across 15 cities including Dubai and Abu Dhabi, has completed more than 11 million cumulative rides. The partnership will begin deployments in Asia and the Middle East in 2025, allowing Uber users to request rides in driverless Apollo Go vehicles for qualifying trips.

Baidu (NASDAQ: BIDU) announced significant management changes, with the appointment of Mr. Haijian He as Chief Financial Officer, effective immediately. The former Interim CFO, Mr. Junjie He, will transition to the role of Senior Vice President overseeing human resources and administrative functions. Additionally, Ms. Shanshan Cui has been appointed as Secretary General to the Organizational Culture Committee.

Mr. Haijian He joins Baidu from Kingsoft Cloud Holdings Limited, where he served as executive director and CFO since January 2020. His extensive background includes executive positions at Goldman Sachs (Asia) L.L.C., Bank of America Merrill Lynch, and Citigroup Global Markets Inc. He holds degrees from Southeast University, the University of Chicago (MBA), and completed the Advanced Management Program at Harvard Business School. He is also a CFA charter holder.

Baidu (NASDAQ: BIDU) reported its Q1 2025 financial results with total revenues of RMB32.5 billion ($4.47B), up 3% YoY. Baidu Core revenue grew 7% YoY, driven by AI Cloud's impressive 42% YoY growth. The company's robotaxi service, Apollo Go, expanded internationally to Dubai and Abu Dhabi, providing over 1.4 million rides in Q1 2025 (+75% YoY). Net income reached RMB7.7 billion ($1.06B), surging 42% YoY. Notable developments include the release of ERNIE 4.5 and ERNIE X1 models, while Baidu App's MAUs grew 7% YoY to 724 million. The company continued its shareholder returns with US$445 million in share repurchases during Q1, bringing total buybacks to US$2.1 billion under the 2023 program.

Baidu (NASDAQ: BIDU) has announced its upcoming Annual General Meeting (AGM) scheduled for June 27, 2025, at 9:00 a.m. (Beijing/Hong Kong time) at Baidu Campus in Beijing. The company has set May 27, 2025 as the record date for Class A and Class B ordinary shareholders. No proposals will be submitted for shareholder approval at the AGM. The company has filed its annual report on Form 20-F for 2024 with the SEC and published its Hong Kong Annual Report, both of which are accessible through Baidu's investor relations website, SEC's website, and HKEx's website.

Baidu unveiled two new AI models at Baidu Create 2025: ERNIE 4.5 Turbo and ERNIE X1 Turbo, featuring enhanced multimodal capabilities and lower costs. ERNIE 4.5 Turbo is priced at 20% of ERNIE 4.5's cost, while ERNIE X1 Turbo costs half of its predecessor.

The company also introduced Xinxiang, a multi-agent collaboration app covering 200 task types, and showcased highly convincing digital humans through their Huiboxing platform. Baidu announced an AI Open Initiative and integrated MCP (Model Context Protocol) into existing products to improve developer access.

The new ERNIE models offer competitive pricing with ERNIE X1 Turbo at RMB 1 per million input tokens and RMB 4 per million output tokens, while ERNIE 4.5 Turbo costs RMB 0.8 and RMB 3.2 per million tokens respectively. Baidu also committed to cultivating 10 million AI talents over the next five years and announced the third ERNIE Cup Innovation Challenge with RMB 70 million in investment prizes.

Baidu (NASDAQ: BIDU), a leading AI company with strong Internet foundation, has scheduled to release its First Quarter 2025 financial results on May 21, 2025, before U.S. market opens. The company will host an earnings conference call at 8:00 AM U.S. Eastern Time (8:00 PM Beijing Time) on the same day.

Interested participants must pre-register for the conference call through the provided link. Upon registration, they will receive dial-in details, passcode, and a unique access PIN. The call will also feature a live and archived webcast available on Baidu's investor relations website. A conference call replay will be accessible until May 28, 2025.

Baidu's autonomous ride-hailing service, Apollo Go, has partnered with UAE-based Autogo to deploy Abu Dhabi's largest fully driverless fleet. The initial phase will involve dozens of autonomous vehicles in select areas, with full commercial operations targeted for 2026.

The trials will be conducted in coordination with Abu Dhabi's Integrated Transport Centre (ITC) to ensure alignment with local transport strategies and regulations. Apollo Go brings significant experience from China, where it operates fully driverless services in over 10 cities since February 2025. The service has accumulated 150 million kilometers of safe autonomous driving and over 10 million rides.

This expansion follows Apollo Go's November 2024 milestone of receiving Hong Kong's first autonomous vehicle pilot license. The all-electric service aims to enhance transportation efficiency while promoting sustainability in Abu Dhabi's urban landscape.

Baidu's (NASDAQ: BIDU) autonomous ride-hailing platform, Apollo Go, has partnered with Dubai's Roads and Transport Authority (RTA) to launch robotaxi services in Dubai. The company will deploy 100 fully autonomous RT6 robotaxis by end-2025, scaling to 1,000 vehicles by 2028.

This marks Apollo Go's first international fleet deployment outside mainland China and Hong Kong, and its entry into the Middle East. The initiative supports Dubai's goal of making 25% of city transportation autonomous by 2030. Apollo Go brings significant experience, having completed over 150 million kilometers of safe driving and provided more than 10 million rides in China.

The deployment follows Apollo Go receiving the first autonomous driving test licenses in Hong Kong in November 2024. Operations will begin in central Dubai, where complex urban traffic will test the system's capabilities. The partnership aims to integrate autonomous ride-hailing into Dubai's transportation ecosystem.