Baidu, Inc. provides internet search services in China. Its Baidu Core segment offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan short video app; and Quanmin flash video app for users to create and share short videos. It also offers Baidu Knows, an online community where users can ask questions to other users; Baidu Wiki; Baidu Healthcare Wiki; Baidu Wenku; Baidu Scholar; Baidu Experience; Baidu Post, a social media platform; Baidu Maps, a voice-enabled mobile app that provides travel-related services; Baidu Drive; Baijiahao; and DuerOS, a smart assistant platform. In addition, this segment offers online marketing services, which include pay for performance, an auction-based services that allow customers to bid for priority placement of paid sponsored links and reach users who search for information related to their products or services; other marketing services that include display-based marketing services and other online marketing services based on performance criteria other than cost per click; mobile ecosystem, a portfolio of apps, including Baidu App, Haokan, and Baidu Post; various cloud services and solutions, such as platform as a service, software as a service, and infrastructure as a service; self-driving services, including maps, automated valet parking, autonomous navigation pilot, electric vehicles, and robotaxi fleets, as well as Xiaodu smart devices. Its iQIYI segment provides online entertainment service, including original and licensed content; and other video content, membership; and online advertising services. Baidu, Inc. has strategic partnerships with Zhejiang Geely Holding Group and China Gas Holdings Ltd. The company was formerly known as Baidu.com, Inc. Baidu, Inc. was incorporated in 2000 and is headquartered in Beijing, China.
IPO Year: 2005
Exchange: NASDAQ
Website: baidu.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/24/2024 | $100.00 | Buy → Hold | HSBC Securities |
| 8/23/2024 | $130.00 → $97.00 | Outperform → Mkt Perform | Bernstein |
| 7/15/2024 | $179.00 → $174.00 | Buy | Jefferies |
| 7/15/2024 | $170.00 → $155.00 | Buy | Citigroup |
| 5/17/2024 | $140.00 → $125.00 | Overweight → Equal-Weight | Morgan Stanley |
| 1/11/2024 | $150.00 | Outperform | Macquarie |
| 11/22/2023 | $145.00 | Neutral → Buy | Nomura |
| 6/20/2023 | $160.00 → $190.00 | Equal-Weight → Overweight | Morgan Stanley |
| 5/1/2023 | $160.00 | Mkt Perform → Outperform | Bernstein |
| 4/21/2023 | $185.00 → $180.00 | Buy | UBS |
BEIJING, Nov. 21, 2024 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), ("Baidu" or the "Company"), a leading AI company with strong Internet foundation, today announced its unaudited financial results for the third quarter ended September 30, 2024. "Baidu Core's flattish third quarter top line reflected the ongoing weakness in our online marketing business, offset by the growth of our AI Cloud business. Our strong AI capabilities are gaining broader market recognition, as evidenced by increasing adoption of ERNIE. In intelligent driving, Apollo Go continues to lead the global autonomous ride-hailing market, hitting another milestone with our
NEW YORK, Nov. 19, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (NASDAQ:SDA), a leading innovator in cloud-based B2B auto services and auto e-insurance in China, is pleased to announce its inclusion in the NASDAQ Golden Dragon China Index, marking an important milestone in the Company's growth journey. The NASDAQ Golden Dragon China Index is a benchmark for tracking Chinese companies listed on U.S. exchanges, offering investors a window into the dynamic growth opportunities within China's economy, particularly in sectors like digital services, technology, new consumer markets, and clean energy. This prestigious index includes leading Chinese companies like Alibaba (NYSE:BABA), JD.com (
- The new iRAG technology mitigates hallucinations in image generation, boosting the applicability of AI-generated images.- Miaoda is a no-code tool that enables users to build applications using simple natural language.- ERNIE now handles 1.5 billion daily API calls, marking an exceptional 30-fold growth over the previous year. SHANGHAI, Nov. 12, 2024 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888), a leading AI company with strong Internet foundation, today hosted its annual flagship technology conference Baidu World 2024 in Shanghai. At the event, the company announced a range of new AI technologies and solutions to accelerate the boom of AI applications, featu
BEIJING, Oct. 28, 2024 /PRNewswire/ -- Baidu, Inc. (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)) ("Baidu" or the "Company"), a leading AI company with strong Internet foundation, today announced that it will report its financial results for the Third Quarter 2024 ended September 30, 2024, before the U.S. market opens on November 21, 2024. Baidu's management will hold an earnings conference call at 7:30 AM on November 21, 2024, U.S. Eastern Time (8:30 PM on November 21, 2024, Beijing Time). Please register in advance of the conference call using the link provided below. It will automatically direct you to the registration page of "Baidu Inc. Q3 2024 Earnings Conference Cal
BEIJING, Oct. 8, 2024 /PRNewswire/ -- Baidu, Inc. ("Baidu" or the "Company") (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), a leading AI company with strong Internet foundation, today announced certain management rotation. Mr. Rong Luo will be serving as Executive Vice President in charge of the Baidu Mobile Ecosystem Group (MEG), and no longer serve as Chief Financial Officer, effective immediately. Concurrently, Mr. Junjie He has been appointed as the Interim Chief Financial Officer of the Company, transitioning from his current position as Senior Vice President and Head of the Baidu Mobile Ecosystem Group (MEG). This management rotation underscores Baidu's ongoing commi
BEIJING, Aug. 22, 2024 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), ("Baidu" or the "Company"), a leading AI company with strong Internet foundation, today announced its unaudited financial results for the second quarter ended June 30, 2024. "AI Cloud continued to accelerate in the second quarter, offsetting the ongoing macro headwinds for online marketing revenue and resulting in modestly positive topline growth for Baidu Core. Operationally, we fast-tracked the renovation of Baidu search, which we believe will drive long-term success despite the short-term impact on monetization. We also achieved new breakthroughs with Apollo Go, which n
PALO ALTO, Calif., July 18, 2024 /PRNewswire/ -- Hesai Technology (NASDAQ:HSAI), the global leader in lidar safety technology for automotive and robotics applications, announced that they have been selected by Baidu, Inc. (NASDAQ:BIDU) to be the exclusive long-range lidar supplier for its next-generation robotaxi platform Yichi 06. Baidu is an internet tech giant who is also one of the world's largest robotaxi service providers. According to industry analysts, this lidar deal is worth an estimated $200-300 million based on Baidu's plans to deploy 100,000 robotaxi vehicles in China. It's expected to be the first widespread application of robotaxi in the Chinese market. According to forecasts
BEIJING, July 17, 2024 /PRNewswire/ -- Baidu, Inc. (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)) ("Baidu" or the "Company"), a leading AI company with strong Internet foundation, today announced that it will report its financial results for the Second Quarter 2024 ended June 30, 2024, before the U.S. market opens on August 22, 2024. Baidu's management will hold an earnings conference call at 8:00 AM on August 22, 2024, U.S. Eastern Time (8:00 PM on August 22, 2024, Beijing Time). Please register in advance of the conference call using the link provided below. It will automatically direct you to the registration page of "Baidu Inc. Q2 2024 Earnings Conference Call". Please
USA News Group CommentaryIssued on behalf of Avant Technologies Inc. VANCOUVER, BC, June 25, 2024 /PRNewswire/ -- USA News Group – The global economy is witnessing an arms race in artificial intelligence (AI), which is raising concerns for national security, and need for government regulation. In particular, tensions are rising between China and the United States, in where the US has cited "misuse of AI" by China, prompting calls for restrictions. Both governments are also using government subsidies to spur new advancements. However, China is not taking the threat of restriction on tech investments lightly, warning the US it's ready to fight back, taking measures of its own. All the while, t
Baidu presented its latest advances across a range of its mobile products, including Baidu Search, Baidu Wenku, and the Baidu App, all seamlessly integrated with ERNIE agents.The revamped Baidu Wenku provides over 100 multimodal AI features, which have been used more than 1.5 billion times by over 140 million users.Baidu AgentBuilder has served over 160,000 developers and users and more than 50,000 enterprises, covering over 100 application scenarios.SUZHOU, China, May 31, 2024 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888), a leading AI company with a strong Internet foundation, unveiled its latest progress across its mobile ecosystem on Thursday, including Baidu Search, the ERNI
HSBC Securities downgraded Baidu from Buy to Hold and set a new price target of $100.00
Bernstein downgraded Baidu from Outperform to Mkt Perform and set a new price target of $97.00 from $130.00 previously
Jefferies reiterated coverage of Baidu with a rating of Buy and set a new price target of $174.00 from $179.00 previously
Citigroup reiterated coverage of Baidu with a rating of Buy and set a new price target of $155.00 from $170.00 previously
Morgan Stanley downgraded Baidu from Overweight to Equal-Weight and set a new price target of $125.00 from $140.00 previously
Macquarie resumed coverage of Baidu with a rating of Outperform and set a new price target of $150.00
Nomura upgraded Baidu from Neutral to Buy and set a new price target of $145.00
Morgan Stanley upgraded Baidu from Equal-Weight to Overweight and set a new price target of $190.00 from $160.00 previously
Bernstein upgraded Baidu from Mkt Perform to Outperform and set a new price target of $160.00
UBS reiterated coverage of Baidu with a rating of Buy and set a new price target of $180.00 from $185.00 previously
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DeepL, a prominent artificial intelligence translation startup from Germany, introduced traditional Chinese as a new language option. This move aims to enhance its footprint in Asia. What Happened: The Cologne-based company, valued at $2 billion, primarily targets businesses with its translation software. Traditional Chinese is widely used in Taiwan and Hong Kong, both significant hubs for technology and finance, which influenced DeepL’s decision to launch in these markets, reported CNBC on Tuesday. CEO Jaroslaw Kutylowski highlighted Taiwan and Hong Kong as “strong technological markets” and emphasized Taiwan’s role as a major exporter, particularly in the semiconductor industry.
Apple Inc (NASDAQ:AAPL) COO Jeff Williams and Micron Technology Inc (NASDAQ:MU) President Sanjay Mehrotra recently visited Beijing to meet with senior Chinese officials as the U.S. considers stricter tech curbs against China. On Monday, the executives joined a U.S. business delegation meeting with Vice-Premier He Lifeng and Foreign Minister Wang Yi. He Lifeng urged American companies to “participate aggressively in China’s further reform and modernization process,” Bloomberg reports. During a separate meeting, Wang Yi discussed the outcomes of the Chinese Communist Party’s Third Plenum, highlighting the country’s economic direction. He also expressed a desire for members of the U
BYD Company (OTC:BYDDY) has reportedly recruited former Baidu Inc (NASDAQ:BIDU) executive to advance its development of driver assistance technology. Zhou Peng will now lead BYD’s efforts in creating end-to-end large model planning and control algorithms, CnEVPost reported, citing local media. Zhou Peng brings extensive experience from Baidu’s smart driving and fusion business unit, as well as from leading the smart driving system at Baidu-backed EV maker Jiyue. His expertise is expected to be crucial in building the technical framework and leading the team to develop high-quality, data-driven end-to-end algorithms. BYD aims to enhance its self-driving technology through two appr
China has made a surprising move to stimulate its economy by lowering key interest rates. The decision comes as the country faces several economic challenges, including weak growth in the second quarter, looming deflation, and a prolonged property crisis. Chinese stocks, including Alibaba Group Holding Limited (NYSE:BABA), PDD Holdings Inc (NASDAQ:PDD), JD.Com, Inc (NASDAQ:JD), Baidu, Inc (NASDAQ:BIDU), Bilibili Inc (NASDAQ:BILI) are trading higher Monday. Also Read: Alibaba and Peers Face Challenges as U.S. Tightens Semiconductor Export Rules On Monday, the People’s Bank of China (PBOC) announced that it would cut the seven-day reverse repo rate to 1.7% from 1.8% and reduce the
Hesai Technology (NASDAQ:HSAI), the global leader in lidar safety technology for automotive and robotics applications, announced that they have been selected by Baidu, Inc. (NASDAQ:BIDU) to be the exclusive long-range lidar supplier for its next-generation robotaxi platform Yichi 06. Baidu is an internet tech giant who is also one of the world's largest robotaxi service providers.According to industry analysts, this lidar deal is worth an estimated $200-300 million based on Baidu's plans to deploy 100,000 robotaxi vehicles in China. It's expected to be the first widespread application of robotaxi in the Chinese market.According to forecasts by Pacific Securities, the Chinese robotaxi market
9 analysts have expressed a variety of opinions on Baidu (NASDAQ:BIDU) over the past quarter, offering a diverse set of opinions from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 6 2 1 0 0 Last 30D 0 1 0 0 0 1M Ago 2 0 0 0 0 2M Ago 0 1 0 0 0 3M Ago 4 0 1 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $142.0, with a high estimate of $180.00 and a low estimate of $125.00. This current average represen
Barclays analyst Jiong Shao maintains Baidu (NASDAQ:BIDU) with a Overweight and lowers the price target from $133 to $125.
Alibaba Group Holding Limited (NYSE:BABA) and its peers, including Baidu, Inc (NASDAQ:BIDU), PDD Holdings Inc (NASDAQ:PDD), Bilibili Inc (NASDAQ:BILI) harboring artificial intelligence ambitions could face a rough ride as the U.S. government intensifies its semiconductor sanctions against China. The Biden administration, facing resistance to its semiconductor restrictions on China, has informed allies that it is considering the strictest trade measures available if crucial providers of chipmaking machinery like Tokyo Electron Ltd and ASML Holding (NASDAQ:ASML) continue providing advanced semiconductor technology to China. The U.S. is contemplating using the Foreign Direct Product Rule
USA News Group News Commentary Issued on behalf of Scope AI Corp. VANCOUVER, BC, May 2, 2024 /PRNewswire/ -- USA News Group News Commentary – According to the International Monetary Fund (IMF), the integration of artificial intelligence (AI) will affect almost 40% of jobs around the world. While still early in the AI revolution, experts are stepping forward to help businesses across a wide variety of industries to embrace it. Analysts at Statista are projecting the Global AI Market will surpass $1.75 trillion by 2030. Now CIOs across multiple sectors are eager to scale their companies' AI despite current difficulty demonstrating ROI, according to a new survey. Helping to get companies swiftl
SHENZHEN, China, April 17, 2024 /PRNewswire/ -- Baidu, Inc. (NASDAQ:BIDU) ("Baidu" or the "Company"), a leading AI company with strong internet foundation, yesterday announced the launch of the second ERNIE Cup Innovation Challenge. Following the success of the inaugural competition, this year's challenge is open to entrepreneurial teams focused on AI-native applications from around the world, offering the chance to receive up to RMB 50 million in funds and resources. This year's ERNIE Cup, unveiled at the Create 2024 Baidu AI Developer Conference by Baidu Co-founder, Chairman, and CEO Robin Li, substantially enhances support for entrepreneurs, including more strategic investments, business
BEIJING, Nov 1, 2021 /PRNewswire/ -- Baidu, Inc. (NASDAQ:BIDU) ("Baidu" or the "Company"), a leading AI company with strong Internet foundation, today announced the appointment of Rong Luo as chief financial officer, effective immediately. "Rong has extensive experience in financial management and capital markets," said Robin Li, Baidu's co-founder and CEO. "We are delighted to welcome Rong to our management team and expect his skills and leadership capabilities to help us achieve our next stage of growth in the AI era." "I am very excited to join Baidu. I look forward to working with the executive team to drive the future growth for Baidu," said Mr. Luo. Rong Luo joins Baidu from TAL Educat
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BEIJING, Nov. 21, 2024 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), ("Baidu" or the "Company"), a leading AI company with strong Internet foundation, today announced its unaudited financial results for the third quarter ended September 30, 2024. "Baidu Core's flattish third quarter top line reflected the ongoing weakness in our online marketing business, offset by the growth of our AI Cloud business. Our strong AI capabilities are gaining broader market recognition, as evidenced by increasing adoption of ERNIE. In intelligent driving, Apollo Go continues to lead the global autonomous ride-hailing market, hitting another milestone with our
BEIJING, Oct. 28, 2024 /PRNewswire/ -- Baidu, Inc. (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)) ("Baidu" or the "Company"), a leading AI company with strong Internet foundation, today announced that it will report its financial results for the Third Quarter 2024 ended September 30, 2024, before the U.S. market opens on November 21, 2024. Baidu's management will hold an earnings conference call at 7:30 AM on November 21, 2024, U.S. Eastern Time (8:30 PM on November 21, 2024, Beijing Time). Please register in advance of the conference call using the link provided below. It will automatically direct you to the registration page of "Baidu Inc. Q3 2024 Earnings Conference Cal
BEIJING, Aug. 22, 2024 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), ("Baidu" or the "Company"), a leading AI company with strong Internet foundation, today announced its unaudited financial results for the second quarter ended June 30, 2024. "AI Cloud continued to accelerate in the second quarter, offsetting the ongoing macro headwinds for online marketing revenue and resulting in modestly positive topline growth for Baidu Core. Operationally, we fast-tracked the renovation of Baidu search, which we believe will drive long-term success despite the short-term impact on monetization. We also achieved new breakthroughs with Apollo Go, which n
BEIJING, July 17, 2024 /PRNewswire/ -- Baidu, Inc. (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)) ("Baidu" or the "Company"), a leading AI company with strong Internet foundation, today announced that it will report its financial results for the Second Quarter 2024 ended June 30, 2024, before the U.S. market opens on August 22, 2024. Baidu's management will hold an earnings conference call at 8:00 AM on August 22, 2024, U.S. Eastern Time (8:00 PM on August 22, 2024, Beijing Time). Please register in advance of the conference call using the link provided below. It will automatically direct you to the registration page of "Baidu Inc. Q2 2024 Earnings Conference Call". Please
BEIJING, May 16, 2024 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), ("Baidu" or the "Company"), a leading AI company with strong Internet foundation, today announced its unaudited financial results for the first quarter ended March 31, 2024. "Baidu Core's online marketing revenue remained stable, while the end-to-end optimization of our AI technology stack continued to propel the growth of our AI Cloud revenue during the quarter," said Robin Li, Co-founder and CEO of Baidu. "As a new era of Gen-AI unfolds in China, foundation models like ERNIE will serve as the underlying infrastructure, infusing various facets of people's lives. We are mak
Adjusted EBITDA increased by $7.2 million to $1.6 million in 2023Conference Call and Webcast on April 30th at 5 PM ET NEW YORK, April 29, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, today provided a business update and reported financial results for the year ended December 31, 2023. Fiscal Year 2023 Financial Results For the fiscal year ended December 31, 2023, total revenues were $364 million, up 29% from $282 million in 2022.Our auto service segment reported revenue of $215 million in fiscal year 2023, an increase of 8% from $199 million in fiscal year 2022.
BEIJING, April 12, 2024 /PRNewswire/ -- Baidu, Inc. (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)) ("Baidu" or the "Company"), a leading AI company with a strong internet foundation, today announced that it will report its financial results for the First Quarter 2024 ended March 31, 2024, before the U.S. market opens on May 16, 2024. Baidu's management will hold an earnings conference call at 8:00 AM on May 16, 2024, U.S. Eastern Time (8:00 PM on May 16, 2024, Beijing Time). Please register in advance of the conference call using the link provided below. It will automatically direct you to the registration page of "Baidu Inc. Q1 2024 Earnings Conference Call". Please follo
BEIJING, Feb. 28, 2024 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)) ("Baidu" or the "Company"), a leading AI company with a strong Internet foundation, today announced its unaudited financial results for the quarter and fiscal year ended December 31, 2023. "Baidu Core reported another solid quarter," said Robin Li, Co-founder and CEO of Baidu. "Throughout 2023, we made significant strides in advancing ERNIE and ERNIE Bot, reinventing our products and services, and achieving breakthroughs in monetization. Concurrently, our core business remained resilient and healthy. Looking ahead, our commitment to Gen-AI and foundation models remains unwa
BEIJING, Feb. 6, 2024 /PRNewswire/ -- Baidu, Inc. (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)) ("Baidu" or the "Company"), a leading AI company with a strong internet foundation, today announced that it will report its financial results for the Fourth Quarter and Fiscal Year 2023 ended December 31, 2023, before the U.S. market opens on February 28, 2024. Baidu's management will hold an earnings conference call at 7:30 AM on February 28, 2024, U.S. Eastern Time (8:30 PM on February 28, 2024, Beijing Time). Please register in advance of the conference call using the link provided below. It will automatically direct you to the registration page of "Baidu Inc. Q4 2023 Earnin
BEIJING, Nov. 21, 2023 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), ("Baidu" or the "Company"), a leading AI company with strong Internet foundation, today announced its unaudited financial results for the third quarter ended September 30, 2023. "Baidu reported solid third-quarter financial results, demonstrating resilience in a challenging economic climate," said Robin Li, Co-founder and CEO of Baidu. "I am particularly pleased with our continuous technological enhancements and product improvements against the backdrop of emerging opportunities in generative AI and foundation models. Notably, we launched ERNIE 4.0, our most powerful found