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 unveiled its latest AI-driven innovations at the Wanxiang Conference 2024. Key updates include the integration of ERNIE agents into Baidu's mobile products, such as Baidu Search, Baidu Wenku, and the Baidu App. Baidu Wenku now provides over 100 multimodal AI features, used by 140 million users, and has a collection of 1.2 billion documents. The AgentBuilder platform has been adopted by over 160,000 developers, covering more than 100 application scenarios. Furthermore, Baidu Select reported a 227% GMV increase from January to May year-on-year, with user transactions and active merchants rising by 283% and 242%, respectively. Baidu's advancements aim to lower AI entry barriers and enhance productivity for individuals and enterprises.
Baidu announced its unaudited financial results for Q1 2024, with total revenues reaching RMB31.5 billion, up 1% year-over-year (YoY). Baidu Core's revenue was RMB23.8 billion, a 4% YoY increase. The company's non-GAAP operating margin expanded to 23.5%, and net income to Baidu rose 110% quarter-over-quarter (QoQ) to RMB5.4 billion. Diluted earnings per ADS were RMB14.91, a 120% QoQ increase. Baidu Core's online marketing revenue remained stable while AI Cloud revenue grew. The company returned $229 million to shareholders and expanded its ERNIE AI model family. Apollo Go, its autonomous ride-hailing service, saw a 25% YoY increase in rides provided. The Baidu App's MAUs increased 3% YoY to 676 million.
Baidu, a leading AI company, will hold its annual general meeting on June 26, 2024, in Beijing, China. No proposals will be submitted for shareholder approval. The record date for shareholders is May 24, 2024. The company has filed its annual report and financial statements with the SEC and HKEx.
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