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, a leading AI company, reported strong financial results for Q2 2021, with total revenues growing 20% year over year to RMB 31.4 billion ($4.86 billion). Baidu Core revenue surged 27%, driven by a 71% increase in AI cloud services. However, the company faced a net loss of RMB 583 million ($90 million) largely due to a RMB 3.1 billion loss from long-term investments. Despite this, Baidu's free cash flow reached RMB 5.4 billion ($843 million). Looking ahead, Baidu estimates Q3 revenues between RMB 30.6 billion ($4.7 billion) and RMB 33.5 billion ($5.2 billion), a growth of 8% to 19% year over year.
Baidu has launched the Apolong II, an advanced multi-purpose autonomous minibus, in Guangzhou's Huangpu District. Equipped with superior autonomous driving technology mirroring the Apollo Robotaxi, Apolong II features significant upgrades including a threefold increase in computing power to 372 Tops and improved LiDAR sensors for enhanced navigation. It aims to revolutionize smart transportation by serving diverse needs in public transport, healthcare, and more. With a proven history in urban settings since 2018, Apolong II is set to enhance user experiences and address the last mile problem effectively.
Baidu, Inc. (Nasdaq: BIDU) will release its financial results for Q2 and the first half of 2021 on August 12, 2021, prior to U.S. market opening. An earnings conference call is scheduled for 8:00 AM U.S. Eastern Time on the same day. Investors can register for the call via the provided link to receive dial-in details. A webcast will be available live and archived on Baidu's investor relations site. The company aims to simplify technology for users and is a prominent player in the AI sector.
Baidu's CEO, Robin Li, emphasized the transformative potential of AI during his keynote at the WAIC, advocating for technology that enhances human life and promotes social value. He announced plans to expand Baidu's Apollo Go robotaxi services across 30 cities in China within three years, aiming for affordable autonomous ride-hailing. Li highlighted AI's role in addressing challenges like an aging population and economic growth, alongside Baidu's commitment to achieving carbon neutrality by 2030. The company seeks to foster a low-carbon society while driving industry innovation.
Baidu (NASDAQ: BIDU) has announced its ambition to attain carbon neutrality in operations by 2030, focusing on six operational areas including data centers, smart office buildings, and intelligent transportation. The strategy includes enhancing energy efficiency, utilizing renewable energy, and implementing carbon offset measures where necessary. Baidu aims to leverage its AI capabilities to support industry stakeholders in emission reduction efforts. Post-2030, the company plans to work towards becoming carbon negative, aligning with China's broader carbon neutrality goals by 2060.
Baidu, Inc. (NASDAQ:BIDU) has announced a collaboration with BAIC Group's ARCFOX to launch the Apollo Moon robotaxi. Over the next three years, a fleet of 1,000 autonomous EVs will be mass-produced at a cost of RMB 480,000 each, significantly lower than the industry average of RMB 1.5 million. This partnership aims to enhance the commercialization of fully autonomous ride-hailing in urban areas of China. Baidu's Apollo has previously accumulated over 12 million kilometers in testing, leading to advancements in intelligent driving technology.
Baidu, a leading AI company, reported a 25% year-over-year revenue increase in Q1 2021, reaching RMB 28.1 billion ($4.29 billion). Non-advertising revenue surged 70%, underscoring its strong growth in AI-driven services. The company’s net income soared to RMB 25.7 billion ($3.92 billion), driven by significant gains from long-term investments. Baidu's financial guidance for Q2 2021 anticipates revenue between RMB 29.7 billion and RMB 32.5 billion, representing a year-over-year growth of 14% to 25%. The company remains committed to heavy investments in R&D to support AI advancements.
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.
