Yesterday, on the WEY VV6 new product launch, Baidu and Great Wall Motors jointly announced that they will cooperate to develop autopilor based on Baidu’s Apollo platform and start mass-production of autopilot cars by the end of 2020.
August 1st, Baidu released unaudited Q2 results. According to the report, Baidu received a revenue of USD3.93 billion, up by 32%, net profit is USD967 million, up by 45%.
Apr 27th, Baidu released Q1 Report for the period ended Mar 31st, 2018. According to the Report, the Company received a revenue of USD3.33 billion, up by 23.8%. Net profit attributable to the listed company was USD1.1 billion under GAAP, up by 276.7% from last year. Profit per share was USD2.60, up by 303.5% from last year.
Feb 14th, Baidu (NASDAQ:BIDU) released Q4 results for the period ended Dec 31st 2017. According to the report, the Company received a revenue of RMB23.556 billion, up by 29.3%. Based on GAAP, net profit attributable to the Listed Company is RMB4.159 billion, up by 0.7%. The diluted profit per share is RMB12.38, up by 8.6%.
State-owned telecommunication giant, China Unicom has issued announcement that its Board has expanded from 7 members to 13. Among the 8 non-independent Directors, 4 are from private sector, namly Baidu, Alibaba, Tencent and JD.
Dec 7th, Qualcomm and Baidu agreed to optimize DuerOS AI solutions developed by Baidu on the upcoming Snapdragon 845 and other mobile platforms. This strategic cooperation is to capitalize the expertise of both companies to develop a AI human voice and smart assistant solution.
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Oct 27th, Baidu (NASDAQ：BIDU) released unaudited Q3 report. The Company received a revenue of USD3.53 billion, up by 29%, net profit is USD1.2 billion, up by 156%. Revenue from mobile sector account for 73% of the total.
July 28th, Baidu (NASDAQ:BIDU) released Q2 results for the period ended June 30th 2017. According to the report, the Company recorded a revenue of USD3.079 billin, up by 14.3%. Net profit attributable to the listed company is USD651.0 million, up by 82.9%. Dilluted profit per share is USD1.67, up by 72.1%.
June 28th, US stock market closed lower. Baidu retreated by 1.60% while JD down by 5.55%. The market value gap between them become USD3 billion.
June 26th, JD failed to fulfill the long expected surpassing the market value of Baidu on Monday night. They are still USD824 million apart.
