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2020: In the top 50 largest Internet sites in the world
History
2023
Geely has created a new company for the production of robomobiles
On August 15, 2023, it became known that the Chinese automaker Geely Holding Group and the local Internet corporation Baidu created a new brand Ji Yue (Jiyue Automotive Technology). It is planned to produce high-end smart cars under it. Read more here.
Baidu, ByteDance, Tencent and Alibaba ordered $5 billion in processors for generative AI
On August 10, 2023, it became known that the Chinese companies Baidu, ByteDance, Tencent and Alibaba ordered Nvidia chips for $5 billion to develop and maintain projects in the field of generative artificial intelligence. Read more here.
Bing bypassed Baidu in popularity in China
At the end of April 2023, Microsoft Bing topped the ranking of the most popular search engines in China for the first time, ahead of Baidu. This is evidenced by the StatCounter data, released in mid-May 2023. Read more here.
2022: Investing in electric car maker Jidu Auto
On January 26, 2022, electric car manufacturer Jidu Auto, a joint venture between Baidu and Geely, announced a $400 million investment from its owners. The round did not involve outside investors. The company did not provide any details about its assessment. Read more here.
2020
Baidu bought YY Live for $3.6 billion
On November 17, 2020, Baidu announced the purchase of the YY Live live video service from Joyy. The deal is estimated at $3.6 billion, it will allow the Chinese Internet giant to enter the fastest growing digital video arena. Read more here.
IT specialist went to prison for mining bitcoins on the company's servers
In mid-March 2020, it became known that the former IT specialist Baidu An Bang (An Bang) went to prison for mining bitcoins on the company's servers. Read more here.
2017
Baidu and Xiaomi create IoT alliance
Chinese counterparts of Google and Apple - Baidu and Xiaomi - will unite to develop systems based on the Internet of Things and artificial intelligence. IT giants will jointly develop devices using computer vision, deep learning and other AI technologies.
According to TechCrunch, partners will create devices using voice recognition, computer vision and deep learning technologies. Baidu also plans to conduct extensive research in the construction of unmanned systems and in the field of virtual and augmented reality. It is assumed that Xiaomi will support her.
Baidu is considered the Chinese counterpart of Google. Like the American giant, the PRC-based company is developing robotics and artificial intelligence systems. Baidu is valued at $86 billion and is one of the three most expensive Chinese listed companies. Xiaomi follows Apple's path and is taking over the smartphone market in both China and India. The total number of devices connected to the network sold by Xiaomi has already exceeded 85 million.
Companies already have experience of cooperation. Some Xiaomi devices are equipped with an artificial intelligence-based DuerOS operating system developed by Baidu. Companies plan to continue to work together to improve the OS.
Joining forces will help the two Chinese companies compete with foreign giants, Amazon,, and Google. Microsoft Apple To China eliminate competitors, this is a need dictated by a new development strategy. By 2030, the country plans to become a world leader in artificial intelligence and increase the volume of the domestic market for AI solutions to $150 billion. To fulfill this plan, the Chinese Ministry of Science and Technology has created an AI technology development group, which includes Baidu, Tencent and Alibaba Baidu[1]
Partnership with Nvidia to introduce AI into clouds, self-driving cars and smart homes
Nvidia and Baidu partnered in early July 2017 to introduce artificial intelligence (AI) into cloud computing, self-driving cars and smart home systems.
The main areas of cooperation are:
- Deploying next-generation Nvidia Volta GPUs to Baidu Cloud to create a deep learning platform
- introducing the Nvidia Drive PX platform into Baidu's autonomous driving system and developing self-driving vehicles in conjunction with key Chinese automakers;
- optimization of the open framework of deep learning Baidu PaddlePaddle for GPU Nvidia Volta and its distribution in the scientific environment;
- providing AI capabilities to Chinese consumers by adding support for Baidu DuerOS-based OS in Nvidia Shield TV.
Read more about Baidu and Nvidia's joint plans here.
Requiring users to enter personal data
From June 1, it will be possible to use some services of the Chinese Internet search engine Baidu only for those who indicate their personal data and existing mobile phones in their accounts, which will serve to identify the user's identity. First of all, this requirement will affect users of the Baidu Cloud cloud storage service, as well as Baidu Tieba, a well-known Internet forum in the Chinese segment.
The Baidu administration explains the need to enter identification data with the requirements of the cybersecurity law, which was adopted by the Standing Committee of the National People's Congress on November 7, 2016 and comes into force on June 1 of this year.
2012
Q2 revenue growth of 59.8%
Q2
The company's total revenue for Q2 2012 rose 59.8% to $858.8 million. Net income increased 69.6% to $436 million compared to 2011. In the 3rd quarter, the company expects revenue growth of 49.6-53.5% to $0.983-1.009 billion.
Creating a Cloud Center
The largest Chinese search engine Baidu announced its intention to invest $1.6 billion in the creation of a cloud technology center, Reuters reports, citing the company's chief financial officer Jennifer Lee.
Cloud computing is supposed to be the central driver of the new mobile platform Baidu, presented at the annual conference in Beijing. The company predicts stable growth in the cloud computing segment. In order to gain a significant share in this market, Baidu is building its "mobile cloud" now.
Any additional details of the project have not yet been reported.
2011
Revenue growth of 78%
Baidu's revenue for 2010 increased by 78% to 7.92 billion yuan (about $1.2 billion), while profit - by 137.4% to 3.53 billion yuan ($538 million).
According to Analysys International, as of March 2011, Baidu's share in the search market China is 75.5%. In second place with a large lag -. the AmericanGoogle
Start browser development
In March 2011, it became known that the search engine Baidu is developing its own web browser and has previously begun testing its early beta version.
The new browser is being created in order to integrate with Baidu search and other services in order to strengthen the company's presence in the Internet market. Among the features of the program, it is noted that it is possible to conveniently launch web applications and directly navigate to the most frequently visited resources.
In addition, browser developers are betting on the security of a new product that should protect users from malware and infected websites. The browser is designed exclusively for the Chinese market and works in Chinese.
As of March 2011, Internet Explorer remains the most popular browser in China. Following the Microsoft product are three browsers of local developers, whose shares range from 2 to 4%.
According to experts, the high popularity of IE in China is due to the low computer literacy of the general population - most use the Microsoft browser because it comes with Windows. Due to the fact that the web browser market in China is at an early stage of development, Baidu, which is actively promoting its brand, has a chance to get a significant part of the world's largest market with 457 million Internet users.
2010
In September 2010, the company significantly expanded the functionality of its page on the Internet: from now on, the user can play a game, watch TV shows, purchase e-books or listen to music - without leaving the search server. Work on expanding the capabilities of the search engine lasted about a year The[2].
See also
Notes
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