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 (NASDAQ: BIDU) has announced the pricing of CNY10 billion in CNY-denominated senior unsecured notes. The offering consists of CNY7.5 billion of 2.70% notes due 2030 and CNY2.5 billion of 3.00% notes due 2035.
The Notes Offering, expected to close around March 12, 2025, is being conducted in offshore transactions outside the United States to non-U.S. persons under Regulation S. The proceeds will be used for general corporate purposes, including repayment of existing debt and interest payments. The notes will be listed on the Hong Kong Stock Exchange.
Baidu (NASDAQ: BIDU) has announced plans to offer CNY-denominated senior unsecured notes in offshore transactions outside the United States. The offering will be exclusively available to non-U.S. persons under Regulation S of the Securities Act of 1933.
The specific terms of the notes, including principal amount, interest rates, and maturity dates, will be determined during pricing. The company plans to use the proceeds for general corporate purposes, which include:
- Repayment of existing debt
- Interest payments
- General corporate purposes
The notes will not be registered under the Securities Act or state securities laws and cannot be offered or sold in the United States except under specific exemptions.
Baidu (NASDAQ: BIDU and HKEX: 9888/89888) has successfully acquired YY Live, the video-based entertainment live streaming business in mainland China previously owned by JOYY Inc. The acquisition was completed for approximately US$2.1 billion, as announced on February 25, 2025.
As part of the transaction, approximately US$1.6 billion that Baidu had previously deposited into escrow accounts under a share purchase agreement (which later ceased to be in force) has been fully released back to Baidu. The company plans to reinvest these released funds specifically in its cloud and AI infrastructure, further strengthening its position as a leading AI company with strong Internet foundation.
Baidu (BIDU) reported Q4 2024 financial results showing mixed performance. Total revenues decreased 2% YoY to RMB34.1 billion ($4.68 billion), while Baidu Core revenue increased 1% YoY to RMB27.7 billion. The company's AI Cloud business showed strong growth with 26% YoY revenue increase, though online marketing revenue declined 7% YoY.
Operating income decreased 27% YoY to RMB3.9 billion, impacted by one-time losses of RMB1.0 billion. Net income attributable to Baidu increased 100% YoY to RMB5.2 billion. The company returned US$356 million to shareholders in Q4, bringing total repurchases to over US$1 billion in 2024.
Notable operational highlights include Apollo Go providing over 1.1 million autonomous rides in Q4 (up 36% YoY) and ERNIE handling approximately 1.65 billion daily API calls in December 2024, with external API calls increasing 178% QoQ.
Trip.com Group (Nasdaq: TCOM; HKEX: 9961) announced changes to its board of directors on February 11, 2025. Mr. Junjie He, a director nominated by Baidu, has resigned from his position. He will be replaced by Mr. Rong Luo, the current Executive Vice President of Baidu.
Mr. Luo brings significant financial leadership experience, having served as Baidu's CFO from November 2021 to October 2024. His prior roles include CFO positions at TAL Education Group and eLong Inc., as well as financial management positions at Lenovo Group and Microsoft. He holds degrees from Peking University and Tsinghua University.
According to Trip.com Group's articles of association, Mr. Luo will serve as director until the first annual general meeting following his appointment, where he will be eligible for re-election.
Baidu (NASDAQ: BIDU) has announced it will release its Fourth Quarter and Fiscal Year 2024 financial results on February 18, 2025, before the U.S. market opens. The company's management will host an earnings conference call at 7:30 AM U.S. Eastern Time (8:30 PM Beijing Time) on the same day.
Interested participants must pre-register for the conference call through the provided link. Upon registration, they will receive dial-in details, passcode, and a unique access PIN. The conference call will also be available via live and archived webcast on Baidu's investor relations website. A replay of the call will be accessible until February 25, 2025.
Baidu (BIDU) reported Q3 2024 financial results showing total revenues of RMB33.6 billion ($4.78 billion), a 3% year-over-year decrease. Baidu Core revenue remained flat at RMB26.5 billion ($3.78 billion), with online marketing revenue declining 4% while non-online marketing revenue grew 12%, driven by AI Cloud business. Operating income was RMB5.9 billion ($844 million). Apollo Go, Baidu's autonomous ride-hailing service, provided 988K rides in Q3, up 20% year over year, with fully driverless vehicles accounting for over 70% of total rides. The company's AI platform ERNIE handled approximately 1.5 billion API calls daily in November, up from 600 million in August.
Baidu unveiled new AI technologies at Baidu World 2024, including iRAG for reducing hallucinations in image generation and Miaoda, a no-code tool for application development. The company reported that ERNIE's daily API calls reached 1.5 billion, marking a 30-fold increase from last year. ERNIE Bot has accumulated 430 million users, while the Qianfan platform has helped develop 770,000 enterprise applications. Baidu also announced Xiaodu AI Glasses, powered by ERNIE, scheduled for release in first half of 2025.
Baidu (Nasdaq: BIDU) announced it will report its Third Quarter 2024 financial results on November 21, 2024, before U.S. market opens. The company will host an earnings conference call at 7:30 AM U.S. Eastern Time (8:30 PM Beijing Time) on the same day. Interested participants must pre-register for the call, after which they will receive dial-in details, passcode, and a unique access PIN. A live and archived webcast will be available on Baidu's investor relations website, and a conference call replay will be accessible until November 28, 2024.
Baidu, a leading AI company, has announced a management rotation. Mr. Rong Luo will now serve as Executive Vice President in charge of the Baidu Mobile Ecosystem Group (MEG), stepping down from his role as Chief Financial Officer. Concurrently, Mr. Junjie He has been appointed as the Interim Chief Financial Officer, transitioning from his position as Senior Vice President and Head of MEG.
This rotation aims to foster executive leadership development, optimize organizational structure, and support Baidu's long-term growth. Robin Yanhong Li, Baidu's co-founder and CEO, expressed confidence in both executives' abilities to drive the company's strategic initiatives forward.
Mr. Junjie He, who joined Baidu in June 2019, has extensive experience in management, investment, and finance, having previously overseen Baidu's M&A, SIM, SOM, and FP&A departments. He holds a bachelor's degree from the Guanghua School of Management, Peking University.
