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. (BIDU), China's leading search engine and AI innovator, maintains this dedicated news hub for investors and industry observers. Access verified press releases and strategic updates covering core operations in artificial intelligence, autonomous driving, and digital marketing services.
This resource consolidates essential announcements including quarterly earnings disclosures, technology partnerships, product launches, and regulatory developments. Users gain direct insight into Baidu's progress across its three growth pillars: core search advertising, AI Cloud infrastructure, and intelligent driving initiatives.
All content is sourced from official corporate communications and vetted financial reporting. The curated format enables efficient tracking of Baidu's market positioning within China's competitive tech landscape. Bookmark this page for real-time updates on strategic moves affecting BIDU's valuation and operational trajectory.
Baidu, Inc. (NASDAQ:BIDU) and China Gas Holdings Ltd. have signed a strategic cooperation agreement to enhance digital transformation in the energy sector. Valued at RMB 936 million, Baidu will assist China Gas in migrating to the cloud, utilizing AI for applications like smart monitoring and gas usage prediction. The partnership aims to support carbon emissions reduction and promote AI technologies for public benefit. Both companies will establish a Digital Technology Committee and develop advanced management systems, enhancing efficiency and creating a business ecosystem.
DeepWay, backed by Baidu, has launched the Xingtu, a new smart energy heavy-duty truck. The truck boasts over 500 TOPS computing power and can detect objects over 1 kilometer away. This marks Baidu's venture into the global freight market. Xingtu is designed for L3 self-driving on highways with plans for L4 capabilities by 2026. Key features include a custom 450kWh battery, a wind resistance coefficient of 0.35, and a quick battery swap solution. Aiming for R&D and manufacturing growth, DeepWay seeks to commercialize L4 autonomous technology in China’s freight industry.
Baidu has launched public testing of its Apollo Go robotaxi service in Shanghai, marking its fifth city of operation. This service features 150 stations for convenient access across the city, operating daily from 9:30 a.m. to 11:00 p.m. The company recently expanded Apollo Go to Tongzhou District in Beijing, with routes covering over 31 miles. An IHS report highlights that robotaxis could dominate China's future mobility market, making up over 60% and exceeding $201 billion by 2030.
Baidu announced that Xiaodu Technology secured Series B financing, reaching a $5.1 billion post-money valuation. Xiaodu, launched in 2018, has become the world's largest smart-display provider by shipments, growing significantly in the smart hardware market. The company reported that services revenue now constitutes over 10% of its total revenue, with advancements in DuerOS technology enhancing IoT integration. Baidu remains the super majority shareholder post-transaction, following a $2.9 billion Series A in November 2020.
Baidu, Inc. (Nasdaq: BIDU) has priced a public offering of $1 billion in notes, comprising $300 million in 1.625% notes due 2027 and $700 million in 2.375% notes due 2031. The offering, expected to generate net proceeds of approximately $990 million, will be used for general corporate purposes, including debt repayment and financing of eligible projects under its Sustainable Finance Framework. The joint bookrunners include Goldman Sachs, BofA Securities, and J.P. Morgan.
Baidu unveiled significant AI advancements during its Baidu World 2021 conference, highlighting a future transformational impact on transportation and daily life. Key announcements include the L5 autonomous robocar, the Luobo Kuaipao robotaxi platform, and Xiaodu's first smart TV. Baidu Brain 7.0 and the 2nd generation Kunlun AI chip were also featured, promising enhanced performance. Additionally, Baidu AI Cloud reported a 71% year-over-year growth. These innovations demonstrate Baidu's commitment to making AI more accessible and efficient across various sectors.
Baidu showcased its AI advancements on August 18, 2021, by launching the Baidu Brain 7.0 and starting mass production of the Kunlun II AI chip. These developments were unveiled at Baidu World 2021, highlighting Baidu's expertise in AI technology. The Kunlun II chip boasts 2-3 times the processing power of its predecessor and is designed for various applications, including autonomous driving and smart cities. Additionally, over 3.6 million developers have utilized Baidu's PaddlePaddle platform, creating significant AI models for diverse industries.
Baidu held its annual conference, Baidu World 2021, revealing plans for a new robotaxi platform and a vision for future autonomous vehicles, termed 'robocars.' CEO Robin Li emphasized the transition to autonomous driving 2.0, aiming for large-scale commercial operations. By Q2 2021, the Baidu Apollo service provided over 400,000 rides and covered 8.7 million miles. Baidu's advancements in intelligent mobility, including AI-driven traffic solutions, are positioned to transform the transportation landscape, contributing to a projected $347 billion ride-hailing market in China by 2030.
Baidu, Inc. (NASDAQ: BIDU) announced it has filed a preliminary prospectus supplement with the SEC for a proposed sale of senior notes. The net proceeds will be utilized for general corporate purposes and to repay existing debt, while also financing eligible projects per its Sustainable Finance Framework. The offering will be underwritten by Goldman Sachs, BofA Securities, and J.P. Morgan. This announcement is not an offer for securities in the U.S., and detailed information is available at SEC's website.
Baidu, Inc. (NASDAQ: BIDU) will host its annual technology conference, Baidu World, virtually on August 18, 2021, in partnership with CCTV News. The event, themed "For the era we love, for the sea of stars", will showcase Baidu's latest AI advancements and their practical applications in daily life, including improvements in smart cities and transportation. Key executives, including CEO Robin Li, will lead sessions highlighting innovations in Baidu Brain and Kunlun chips. The livestream begins at 9:30 AM Beijing Time, with updates available on various platforms.
