Welcome to our dedicated page for Baidu news (Ticker: BIDU), a resource for investors and traders seeking the latest updates and insights on Baidu stock.
Baidu, Inc. (NASDAQ: BIDU, HKEX: 9888), founded in 2000 by Robin Li, is China's largest internet search engine, holding an 84% market share as of September 2021 according to Statcounter. The company's core business revolves around providing intelligent and relevant search results tailored specifically to Chinese language and culture. Baidu's search engine facilitates tens of billions of queries daily, offering users various ways to find and share information.
Baidu's business extends beyond search engine services into several technology-driven sectors. The company is a frontrunner in artificial intelligence (AI), with significant growth initiatives in AI Cloud, video streaming services, voice recognition technology, and autonomous driving. Baidu's AI products, like the ERNIE Bot, are widely used and recognized for their advanced capabilities in language processing and generative AI.
Financially, Baidu demonstrated robust performance. In Q4 2023, the company reported total revenues of RMB35.0 billion ($4.92 billion), a 6% year-over-year increase. The AI Cloud business, in particular, has been a major revenue driver. Baidu's operational efficiency continues to improve, with a non-GAAP operating income of RMB7.1 billion ($996 million) and a non-GAAP net income of RMB7.8 billion ($1.09 billion) for Q4 2023.
Baidu's autonomous driving platform, Apollo Go, achieved a milestone by launching 24/7 services in Wuhan, making it China's first provider to offer round-the-clock autonomous rides. Additionally, Baidu released new AI advancements at its annual Baidu Create conference, showcasing models like ERNIE and opening up new opportunities for developers.
Partnerships and community contributions remain a cornerstone of Baidu's strategy. The company is committed to fostering a thriving AI ecosystem through competitions like the ERNIE Cup Innovation Challenge, which supports entrepreneurial teams in developing AI-native applications with substantial funds and resources.
Overall, Baidu stands out as a leading AI company with a strong internet foundation, continuously innovating and expanding its services to meet the evolving needs of users and developers alike.
Baidu, Inc. (NASDAQ: BIDU) is set to launch its fully driverless robotaxi service in Beijing on May 2, 2021, marking China's first paid autonomous vehicle service without a safety driver. The Apollo Go service will debut in Shougang Park, a venue for the 2022 Winter Olympics, providing transport for visitors during the games. Users can hail rides via the Apollo Go App, utilizing advanced features for safety and convenience. Baidu has conducted extensive testing, accumulating over 10 million kilometers, and holds 2,900 patents related to autonomous driving.
Baidu, Inc. (NASDAQ: BIDU) has launched its new X+Y strategy focusing on 'servitization' and 'humanization' to enhance its mobile ecosystem. This was unveiled at the 2021 Wanxiang Conference in April. The Baidu App has reached 558 million monthly active users (MAUs) with over 75% of daily logins, and features 4.2 million Baijiahao accounts. Additionally, the app's Smart Mini Programs serve 416 million users across 271 industries. By improving user experience with intelligent search technologies, Baidu aims to create a one-stop service platform.
Baidu, Inc. (Nasdaq: BIDU) will report its financial results for Q1 2021 on May 18, 2021, before the U.S. market opens. The earnings call is scheduled for 8:00 AM ET the same day. Investors can pre-register for the call to receive dial-in details and access a live webcast on Baidu's investor relations website. Founded in 2000, Baidu aims to simplify the world through technology and has a strong Internet foundation. Baidu is traded on NASDAQ as BIDU and on the Hong Kong Stock Exchange under 9888.
Baidu, Inc. (NASDAQ: BIDU) unveiled significant upgrades to its Apollo intelligent driving solutions at Auto Shanghai 2021. The company aims to have Apollo pre-installed in one mass-produced car model monthly in the latter half of 2021. Baidu is expanding its Apollo Navigation Pilot (ANP) to 20 cities this year, targeting 100 by 2023. The Apollo platform has completed over 10 million kilometers of L4 autonomous driving tests. Baidu plans to recruit heavily for R&D to support Apollo's commercialization, alongside upgrades to intelligent cloud solutions for automakers.
Baidu, Inc. (Nasdaq: BIDU) announced the pricing of a Global Offering of 95 million Class A ordinary shares at HK$252.00 each, equivalent to approximately US$260.01 per American depositary share (ADS). Gross proceeds are projected at HK$23,940 million before expenses. The shares will trade on the Hong Kong Stock Exchange starting March 23, 2021. Baidu intends to use the proceeds to enhance its AI technology, expand its mobile ecosystem, and for general corporate purposes. An over-allotment option for 14.25 million additional shares has been granted to underwriters.
Baidu, Inc. (NASDAQ:BIDU) has received qualifications for 35 vehicles to demonstrate commercialized autonomous driving operations and 10 vehicles for driverless testing in Cangzhou, marking a significant milestone for Baidu Apollo's commercialization efforts. The company plans to explore various monetization strategies for its autonomous services, becoming the first in China to do so. With a fleet that has achieved over 524,000 kilometers of testing, Baidu aims to expand its Apollo Go Robotaxi service to 30 cities within three years, having already carried over 210,000 passengers in cities like Beijing, Changsha, and Cangzhou.
Baidu, Inc. (NASDAQ:BIDU) announced a significant milestone as Baidu Apollo won a bid for a 5G intelligent driving project in Chengdu, valued at RMB 105 million ($16.1 million). This project marks Sichuan Province's first initiative of its kind, involving the development of 30 kilometers of smart roads in the Singapore-Sichuan Hi-Tech Innovation Park. The initiative aims to enhance transportation through AI technology and will pave the way for autonomous driving services in Chengdu, including robobuses and robotaxis.
Baidu, Inc. (NASDAQ: BIDU) filed its annual report on Form 20-F for the fiscal year ended December 31, 2020, with the SEC on March 9, 2021. The report, which includes audited consolidated financial statements, is accessible on Baidu's investor relations website. Shareholders can request a free hard copy of the report containing the financial data. Founded in 2000, Baidu is a leading AI company focused on leveraging technology to simplify the world. Its American Depositary Shares (ADS) represent eight Class A ordinary shares.
Baidu (NASDAQ: BIDU) and China Huaneng Group signed a memorandum of understanding to enhance the energy industry's digital transformation. The partnership will focus on developing AI-powered financial services and digitizing energy data, aiming for increased efficiency and user experience. Baidu will leverage its AI and big data technologies to support the intelligent upgrade of China's energy sector. This collaboration aligns with Baidu's commitment to environmental protection and innovation in energy solutions, positioning the company as a leader in intelligent transformation across various industries.
Baidu, Inc. (NASDAQ: BIDU) reported a solid end to 2020 with total revenues reaching RMB 30.3 billion ($4.64 billion), a 5% year-over-year increase. The company's core revenue saw significant growth, particularly from non-marketing services, which grew by 52% in Q4. Baidu's net income attributable to the company was RMB 5.2 billion ($794 million), while diluted earnings per ADS stood at RMB 15.05 ($2.31). For Q1 2021, Baidu expects revenues between RMB 26.0 billion and RMB 28.5 billion, reflecting anticipated growth of 15% to 26% year-over-year.
FAQ
What is the current stock price of Baidu (BIDU)?
What is the market cap of Baidu (BIDU)?
What does Baidu, Inc. specialize in?
How has Baidu performed financially in recent quarters?
What are Baidu's recent advancements in autonomous driving?
What is ERNIE Bot?
What is the ERNIE Cup Innovation Challenge?
In which markets does Baidu operate?
How does Baidu support developers?
What is Baidu's mission?
What are Baidu's future plans?
How can investors access Baidu's financial reports?
