Baidu Inc Stock Price, News & Analysis

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.

Baidu (NASDAQ: BIDU, HKEX: 9888/89888), a leading AI company, has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the Securities and Exchange Commission on March 28, 2025.

The Form 20-F is accessible through the company's investor relations website. Baidu will provide free hard copies of the Form 20-F, including audited consolidated financial statements, to shareholders and ADS holders upon request.

Additionally, the company has published its Hong Kong Annual Report for the same period, containing substantially similar information, which can be accessed through both Baidu's investor relations website and the Hong Kong Stock Exchange website.

Baidu (NASDAQ: BIDU) has launched two new AI foundation models: ERNIE 4.5 and ERNIE X1, making them freely available to individual users through ERNIE Bot ahead of the planned April 1 schedule. ERNIE 4.5, a native multimodal foundation model, outperforms GPT-4.5 in multiple benchmarks while being priced at just 1% of GPT-4.5's cost. Enterprise pricing starts at RMB 0.004 per thousand tokens for input and RMB 0.016 for output.

ERNIE X1, a deep-thinking reasoning model with multimodal capabilities, delivers performance comparable to DeepSeek R1 at half the price, with enterprise rates starting at RMB 0.002 per thousand tokens for input and RMB 0.008 for output. Both models will be integrated into Baidu's ecosystem, including Baidu Search and the Wenxiaoyan app.

Baidu (NASDAQ: BIDU) has successfully completed a CNY10 billion offering of CNY-denominated senior unsecured notes. The offering consists of:

• CNY7.5 billion of 2.70% notes due 2030
• CNY2.5 billion of 3.00% notes due 2035

The notes were sold in offshore transactions outside the United States to non-U.S. persons under Regulation S. The proceeds will be used for general corporate purposes, including repayment of existing debt and interest payments. The notes are expected to be listed on the Hong Kong Stock Exchange effective March 13, 2025.

Baidu (NASDAQ: BIDU) has successfully completed a US$2 billion zero coupon exchangeable bonds offering due 2032. The bonds, sold in offshore transactions to non-U.S. persons under Regulation S, will not bear regular interest or accrete in principal value.

Key features of the bonds include:

• Maturity date: March 12, 2032
• Initial exchange ratio: 1,107.0457 Trip.com Shares per US$100,000 principal amount
• Initial exchange price: HK$702.13 per Trip.com Share (43% premium over HK$491.00)
• Exchange restrictions: No exchange permitted in first year

Baidu may deliver Trip.com Group shares (HKEX: 9961) instead of cash upon exchange. The proceeds will be used for debt repayment, interest payments, and general corporate purposes. The bonds are now trading on the Frankfurt Stock Exchange's Open Market segment.