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Baidu profit falls but revenue beats expectations

Leading Chinese internet search provider Baidu has announced a 50 percent plunge in net profit for the fourth quarter but revenue beat expectations on growth in its core search business and a push into artificial intelligence ...

Baidu profit up 45% on growth in news app and AI push

Chinese online search giant Baidu on Wednesday said net profit for the second quarter jumped 45 percent, fuelled by growth in its personalised news app and artificial intelligence (AI) projects.

Baidu net profit jumps after video unit spin-off

China search engine giant Baidu on Friday reported net profit nearly tripled in the first quarter after spinning off its video unit as part of a corporate reorientation toward artificial intelligence (AI).

China to see driverless cars in '3-5 years': Baidu

Self-driving cars will hit the roads in China "within three to five years", the founder of Chinese internet giant Baidu, one of the world's leading designers of driverless cars, said Thursday.

Cars and speakers: Baidu speeds up AI progress

Chinese web giant Baidu unveiled Thursday a smart speaker model and plans for a self-driving mini-bus, its latest foray into the hyper-competitive field of artificial intelligence.

Baidu to hit the road with self-driving bus

Baidu chief executive Robin Li on Tuesday said the Chinese internet giant will have a self-driving bus on the road soon as it races for a lead in autonomous vehicles.

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Baidu

Baidu, Inc. (Chinese: 百度; pinyin: Bǎidù, pronounced like BY-doo in English, NASDAQ: BIDU), simply known as Baidu and incorporated on January 18, 2000, is a Chinese web services company headquartered in the Baidu Campus in Haidian District, Beijing, People's Republic of China.

Baidu offers many services, including a Chinese language search engine for websites, audio files, and images. Baidu offers 57 search and community services including Baidu Baike, an online collaboratively-built encyclopedia, and a searchable keyword-based discussion forum. Baidu was established in 2000 by co-founders, Robin Li and Eric Xu. Both of the co-founders are PRC nationals who studied and worked overseas before returning to China. In September 2011[update], Baidu ranked 6th overall in the Alexa Internet rankings. During Q4 of 2010, it is estimated that there were 4.02 billion search queries in China of which Baidu had a market share of 56.6%.China's internet-search revenue share in second quarter 2011 by Baidu is 76% In December 2007, Baidu became the first Chinese company to be included in the NASDAQ-100 index.

Baidu provides an index of over 740 million web pages, 80 million images, and 10 million multimedia files. Baidu offers multimedia content including MP3 music and movies, and is the first in China to offer Wireless Application Protocol (WAP) and personal digital assistant (PDA) based mobile search.

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