Baidu
TOPIC
 / company

Baidu

(百度)

Baidu
Baidu
百度
Baidu operates the largest and most widely used search engine in China. It also offers maps, translation and e-commerce and operates a music-streaming service and a mobile app market. Baidu owns a majority stake in iQIYI, dubbed China’s answer to Netflix. The company also invests heavily in autonomous driving and artificial intelligence.
Chairman / President
Robin Li
CFO / Finance Director
Rong Luo
Industry
Internet
Website
baidu.com
Headquarters address
Beijing, China
Stock Code
NASDAQ: BIDU
SEHK:9988
Year founded
2000
last updated:
27 August, 2024
A view of the Shenzhen-Hong Kong Modern Service Industry Cooperation Zone in Qianhai, Shenzhen, June 11, 2024. Photo: Eugene Lee
Artificial intelligence

Southern China to allow cross-city robotaxis to ‘connect’ Greater Bay Area

After having registered and been certified in one area, autonomous-driving cars can travel on open roads in other regions.

Artificial intelligence

China’s GenAI market continues to heat up as Beijing records more LLM filings

Artificial intelligence

The ‘AI Olympics’ gets new hurdles in Canada as US-China tech war plays out

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Artificial intelligence

ByteDance intensifies China AI rivalry with 85% price cut for visual model

ByteDance’s ultra-low pricing underscores growing rivalry in the Chinese market, where Big Tech firms and start-ups have locked horns in a brutal price war.

ByteDance’s Doubao app is seen on an iPhone. Photo: Shutterstock Images
Apple

Apple in talks with Tencent, ByteDance to launch AI in China, report says

The iPhone maker is reportedly in early talks with the tech giants to launch Apple Intelligence on the mainland after talks stalled with Baidu.

Alibaba

Alibaba splits AI team to sharpen consumer and business focus

It follows similar moves by ByteDance and Baidu, which have divided their AI research and application teams to tackle a competitive market.

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Artificial intelligence

Baidu, Alibaba, Tencent executives serve on new Chinese AI standards committee

The committee marks a major milestone after MIIT and other government agencies announced plans for 50 sets of AI standards by 2026.

An AI sign is seen at the World Artificial Intelligence Conference in Shanghai, China July 6, 2023. Photo: Reuters
Electric & new energy vehicles

Chinese EV maker Jiyue to cut operations in bid to stay in brutal race

Some projects will be scrapped and some business units merged in an ‘all-out’ effort towards ‘rebirth’, CEO says.

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Artificial intelligence

Baidu launches AI assistant to help write essays on communist party ideology

The AI tool can search content from President Xi Jinping’s articles and quotes, and ensure the information is ‘checked and verified’.

Artificial intelligence

1 in 6 people in China use generative AI, government figures show

Chinese tech giant Baidu’s Ernie Bot is the most frequently used GenAI product by domestic users, with an 11.5 per cent share.

Visitors try out Ernie Bot during the Wave Summit in Beijing, August 16, 2023. Photo: AP
SCMP Highlights

Recap | China’s tech giants defy economic woes: 6 latest earnings reports

How have some of China’s biggest tech companies fared in their third-quarter earnings revelations? Find out in some of our latest stories.

Xiaomi’s revenue was driven by a burgeoning electric vehicle business and global smartphone rebound. Photo: Reuters
Artificial intelligence

Baidu’s 3rd-quarter revenue falls 3% as economic woes hit ad spending

The internet search giant pulled in US$4.6 billion in the September quarter, with a decline in online marketing outpacing AI growth.

Artificial intelligence

Baidu cuts self-driving vehicle costs to US$34,525 as mass production ramps up

Baidu chief executive Robin Li said the RT6 is now the world’s only mass-produced Level-4 autonomous driving vehicle.

Hong Kong transport

Tech giant Baidu applies to launch autonomous vehicle trials in Hong Kong

Baidu, which operates driverless taxis across the border in Wuhan, wants to test autonomous vehicles at Hong Kong airport.

Baidu operates a fleet of driverless taxis in Wuhan, Hubei province. Photo: Reuters
US-China tech war

China’s tech firms fear bigger curbs as TSMC stops AI chip supply

A wider shipment ban on TSMC-made chips could affect a range of mainland businesses from electric vehicles to smartphones.

TSMC has stopped taking advanced AI chip orders from mainland Chinese clients. Photo: Reuters
Artificial intelligence

Baidu boasts strong AI user growth alongside launch of first smart glasses

At Baidu World 2024, where it announced the new Xiaodu AI Glasses, CEO Robin Li said the Ernie model now sees 1.5 billion API calls per day.

SCMP Highlights

Recap | Trump’s return threatens Chinese EV makers, an AI talent war and more tech news

The global expansion of biotech firms is another story the SCMP has been covering in the realm of future tech recently.

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Artificial intelligence

The fight for AI talent heats up in China

The scarcity of AI talent has set off a recruitment battle, with companies offering above-average pay to woo the right candidate.

Demand for AI talent continues to surge in China. Photo: AFP
Autonomous vehicles

Chinese self-driving truck start-up Autra.tech scales down operations

Financing issues and potential US sanctions prompt Autra.tech to cut salaries of staff, cancel new development and suspend delivery orders.

Alibaba

Alibaba cuts ‘dozens of employees’ at metaverse unit as sector’s hype cools down

The lay-offs affected Alibaba metaverse unit Yuanjing’s operations in Shanghai and Hangzhou, according to a report.

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Electric & new energy vehicles

Transformers: the rise of smartphone makers in China’s EV arena

Thanks to an advanced supply chain, companies with no history making cars are challenging for supremacy in China’s EV market.

Henry Wong
IPO

Horizon Robotics’ shares jump 28% in Hong Kong trading debut

Shares of Beijing-based tech firm changed hands at HK$5.12 when trading began, versus the IPO price of HK$3.99.

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Yu Kai, the chairman and chief executive of Horizon Robotics, at the trading debut of the company’s shares on the Hong Kong stock exchange. Photo: Aileen Chuang
Apple

Tim Cook returns to China as Apple Intelligence roll-out remains uncertain

The Apple chief executive is keeping his ear to the ground in one of the US tech giant’s largest markets.

Electric & new energy vehicles

When it comes to EVs, Chinese consumers are spoiled for choice

Extended range, autonomous driving, sofas, refrigerators … BYD, Li Auto, Xpeng, Geely, Nio and others tick all the boxes in their pursuit of consumers.

13
Autonomous vehicles

Baidu eyes global markets for self-driving cars as Tesla gears up for robotaxis

Baidu’s Apollo Go completed about 899,000 rides in the three months to June this year, a year-on-year increase of 26 per cent.

The photo taken on August 1, 2024 shows a screen inside a driverless robotaxi operated by Baidu in Wuhan. Photo: AFP
ByteDance

TikTok owner ByteDance launches US$170 AI earbuds in China

The Ola Friend earphones are linked to ByteDance’s self-developed chatbot, Doubao, currently China’s most popular GenAI app.

ByteDance’s new AI earbuds are available in China. Photo: Handout
China stock market

Mistimed exits cost key investors US$3 billion in China’s stock rally

Beijing’s stimulus package has boosted Chinese stocks, but some investors missed out on billions in potential gains by selling their shares before the rally.

7
Artificial intelligence

Chinese self-driving tech firms pull out of US amid rising geopolitical tensions

Total distance driven by Chinese autonomous cars on public roads in California dropped almost 74 per cent in the 12 months to November 2023.

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