JIDU Raises Nearly $400 Million in Series A Financing, Mass-production to Begin in 2023
Chinese tech giant Baidu's intelligent electric vehicle arm, JIDU, announced that it has closed a Series A round of financing, raising nearly $400 million.
Tag: #Baidu
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Baidu Fills CTO Position After Decade of Vacancy
Baidu announced on May 31 that their Senior Vice President, Wang Haifeng, has been promoted to Chief Technology Officer (CTO).
5/31/20192 min read
Geely-backed EV Brand Jiyue Faces Business Collapse, with Sudden Large-Scale Layoffs and Multi-Debt Defaults
On December 11th, Xia Yiping, CEO of the Chinese electric car brand Jiyue, sent out an internal message to his employees admitting that the company is currently "facing challenges and needs to make immediate adjustments".
Smart City Dreams of China Tech
Smart cities and smart transportation are what Chinese tech giants have been obsessed with since AI, 5G and IoT turned from hackneyed buzzwords to everyday reality.
Baidu Posts Slight Drop in Revenue as Online Advertising Sales from Video Unit Remain Under Pressure
China’s search engine and AI giant Baidu Inc. on Thursday posted a 1% year over year decrease in its total revenue to 26 billion yuan (3.69 billion) for the second quarter of 2020 ending June 30, falling slightly below the Wall Street estimates of $3.7 billion.
Research Institute Responds to Bing Overtaking Baidu's Desktop Market Share in China: Statistics Show Anomalies, Investigation Underway
According to data from the American research institution Statcounter, in April 2023, Microsoft's Bing search engine surpassed Baidu in terms of market share for desktop searches in China. This news has sparked a heated discussion online.
5/24/20232 min read
Baidu Leads China in Number of Artificial Intelligence Patent Applications
The National Industrial Information Security Development Research Center released the “Artificial Intelligence China Patent Technology Analysis Report”.
12/5/20193 min read
Baidu Apollo Showcases Self-Driving and IoV Products at CES Asia 2018
During CES Asia 2018, Baidu Apollo showcased its progress in self-driving, Internet of Vehicles (IoV) and automobile safety. Baidu's autonomous driving platform...
Baidu Releases Q2 Report with Strong Growth in All Businesses
Baidu released on August 1 its unaudited financial report for the second quarter of the 2018 fiscal year. Baidu's total revenue grew 32 percent to reach 26 bill...
Baidu Stock Soars After Second Quarter Revenue Beats Estimates
Baidu, Inc, the company responsible for China’s leading internet search service among other things, has reported robust financial performance in the second quarter, beating estimates on revenue.
Baidu Ventures CEO Responds to Missing Out on DeepSeek
Despite not investing in DeepSeek, Baidu Ventures remains dedicated to AI, having invested in over a hundred Chinese AI startups.
ByteDance to Launch Four New Products
Beijing-based tech giant ByteDance will launch a metaverse social app, a new search product, and a game community. In addition, ByteDance is now testing short-distance delivery robots.
1/27/20223 min read