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Baidu Posts Q1 2019 Net Loss of RMB 327 Mln

Baidu, 5/16/19

Chinese search engine operator and AI technology developer Baidu (Nasdaq: BIDU) today announced its unaudited financial results for the first quarter ended March 31, 2019. Read More

Baidu, FAW to Jointly Launch L4 Autonomous Passenger Car by End of 2019

Baidu, 11/01/18

Robin Li, CEO of Baidu (Nasdaq: BIDU), announced today at the annual Baidu World event in Beijing that the Chinese internet giant plans for volume production of China’s first Level 4 (L4) Hongqi autonomous driving passenger vehicle in collaboration with Chinese automaker FAW Group, collaboration with Chinese-owned Swedish car manufacturer Volvo to jointly develop electric cars with full autonomous capabilities for the China market, and plans for autonomous driving taxis. Read More

Baidu CEO Resigns from China Unicom's Board

China Unicom, 6/23/18

Telecom operator China Unicom (NYSE: CHU; 0762.HK; 600050.SH) recently said that Robin Li, CEO of Chinese internet conglomerate Baidu (Nasdaq: BIDU), has resigned from his positions as China Unicom board director and member of the China Unicom development strategy committee. Read More

Baidu CEO Outlines Development Strategy for 2017

Jiemian.com, 2/07/17

Chinese internet company Baidu (Nasdaq: BIDU) will work to strengthen its position in four areas, including content distribution, connected services, financial innovation, and artificial intelligence, according to a recent speech made by Baidu CEO Robin Li to company employees. Read More

Baidu Forms RMB 20 Bln Internet Project Investment Fund

Cnstock, 10/12/16

Chinese internet company Baidu (Nasdaq: BIDU) has announced the formation of a RMB 20 bln fund called Baidu Capital, which will primarily make mid- to late-stage investments in a broad range of internet projects. Read More

Rumor: Perfect World Purchases Baidu's Online Literature Division for RMB 1 Bln

NetEase Tech, 6/20/16

Beijing-based online game developer and operator Perfect World has reportedly purchased the online and mobile literature business belonging to internet company Baidu (Nasdaq: BIDU) for RMB 1 bln, according to a source familiar with the matter. Read More

Baidu to Establish Online Search Subsidiary

Baidu, 4/13/16

Chinese internet company Baidu (Nasdaq: BIDU) plans several changes to its business structure, including establishment of a subsidiary that will house its online search services, according to a release via the company's official account on Tencent's WeChat mobile messaging platform. Read More

Rumor: Baidu Freezes Non-campus Hiring

36Kr.com, 10/20/15

According to an internal memo sent today to employees of Chinese internet company Baidu (Nasdaq: BIDU) by Baidu Vice President of Human Resources Liu Hui, starting today the company will implement a temporary freeze on large-scale, non-campus hiring. Read More

Baidu Launches Siri-like O2O Personal Assistant 'Duer'

36Kr.com, 9/08/15

Robin Li, chairman and CEO of Chinese internet company Baidu (Nasdaq: BIDU), introduced "Duer," a new O2O personal assistant, at the 2015 Baidu World annual conference in Beijing today. Read More

Baidu to Invest RMB 20 Bln in Nuomi.com Over Next 3 Years

Sohu IT, 6/30/15

Chinese internet company Baidu (Nasdaq: BIDU) will invest RMB 20 bln in the company's group buy website Nuomi.com over the next three years, as the company pivots toward the O2O market, according to an announcement by Baidu Chairman and CEO Robin Li. Read More