Baidu Inc Stock Price, News & Analysis

Baidu, Inc. (Nasdaq: BIDU) announced its financial results for Q3 2020 will be released after U.S. market close on November 16, 2020. An earnings conference call will follow at 8:15 PM ET the same day, corresponding to 9:15 AM Beijing Time on November 17. Interested participants must pre-register for access details through a provided link. The conference will also be available via live and archived webcast at Baidu's investor relations site. A replay will be accessible via phone until November 24, 2020.

Baidu has launched its flagship Xiaodu Smart Display X10 and upgraded XiaoduPods smart earbuds during the 2020 Xiaodu Fall New Product Launch in Beijing. The Xiaodu Smart Display X10 features advanced AI-powered capabilities including gesture control and voiceprint recognition, designed for seamless family interaction. The XiaoduPods introduce a 'voice note' function aimed at enhancing work efficiency. Price reductions across the product range aim to increase accessibility for users. These innovations reflect Baidu's commitment to breaking boundaries in smart living.

Baidu, Inc. (Nasdaq: BIDU) has priced a public offering of US$950 million in notes, comprising US$650 million of 1.720% notes due 2026 and US$300 million of 2.375% notes due 2030. The offering aims to generate approximately US$945 million after expenses, primarily to repay existing debt. The notes will be registered under U.S. law and listed on the Singapore Exchange. Joint bookrunners include Goldman Sachs, BofA Securities, and J.P. Morgan. This announcement does not offer securities for sale in the U.S., and prospective investors should review the related prospectus.

Baidu, Inc. (NASDAQ: BIDU) announced on October 6, 2020, that it has filed a preliminary prospectus supplement with the SEC for a proposed offering of senior notes. The company plans to use the proceeds to repay existing debt. Goldman Sachs (Asia), BofA Securities, and J.P. Morgan are the joint bookrunners for this offering. The announcement includes forward-looking statements regarding the company's anticipated use of proceeds and future business development strategies, while also cautioning that risks and uncertainties may affect actual results.

Baidu, Inc. (NASDAQ: BIDU) announced on Sept. 29, 2020, that its Smart Living Group has secured Series A financing, achieving a post-money valuation of approximately $2.9 billion. This investment involves partnerships with CPE, Baidu Capital, and IDG Capital, and is expected to finalize in Q4 2020. Baidu will maintain super voting rights and consolidate SLG’s financial results as a majority shareholder. CEO Robin Li highlighted the rapid growth of SLG since 2017, positioning it as a leader in the voice assistant and smart device market leveraging Baidu’s AI technology.

Sectigo, a leader in digital identity management, has partnered with Baidu (NASDAQ: BIDU) to provide back-end services for the new Baidu Trust SSL Certificates. This collaboration will allow Baidu to offer various types of SSL certificates, enhancing web security for its users in China and expanding Sectigo's reach in Asia. Baidu's initiative aims to simplify technology for users while reinforcing trust through Sectigo's established certificate authority, known for issuing over 100 million certificates globally.

Baidu has launched the XiaoduPods, its first portable smart earbuds, and unveiled DuerOS 6.0 during the Baidu World 2020 event in Beijing. XiaoduPods feature advanced capabilities including built-in real-time translation and voice search, boasting a 28-hour battery life. DuerOS 6.0 enhances AI applications, making smart technology more integrated into daily life, particularly for elderly care and hospitality sectors. Baidu aims to broaden its AI services under its 'breaking boundaries' strategy, focusing on accessibility and tailored functions for diverse user needs.

Baidu (NASDAQ: BIDU) unveiled its Fully Automated Driving technology at Baidu World 2020, showcasing vehicles that can drive autonomously without a safety driver. Key components include pre-installed vehicles, an 'experienced AI driver', and a 5G Remote Driving Service. Apollo's technology has achieved over six million kilometers of testing without accidents. Baidu plans to commercialize unmanned driving by 2025, along with launching a vehicle model with L4 autonomous valet parking in 2021. DuerOS for Apollo has also been integrated into over one million vehicles, highlighting its market dominance in connected and autonomous driving.

Baidu, Inc. (NASDAQ: BIDU) hosted its annual technology conference, Baidu World 2020, showcasing its advancements in AI. Themed 'Intelligence of Everything', it highlighted Baidu Apollo's Fully Automated Driving and 5G Remote Driving Service, emphasizing over six million kilometers of testing with zero accidents. The upgraded DuerOS 6.0 powers the newly launched XiaoduPods earbuds and Duxiaoxiao virtual assistant app. Furthermore, Baidu Brain 6.0 supports AI applications for 2.3 million developers and introduces advanced virtual personas.