Baidu Core generated RMB23.2 billion in revenues in the second quarter, while Baidu AI Cloud revenues maintained rapid growth momentum of 31% year over year and 10% quarter over quarter
Baidu, Inc. (Nasdaq: BIDU and HKEX: 9888) is one of the top technology companies in China.
Talking about technology companies, BAT used to be the acronym that was always referred to in China. But, Baidu has much smaller market cap in recent years. It's been rebuilding its business and now its strength goes well beyond search.
In the field of search, Baidu never lacks challengers.
Considering that the search business is most closely related to the direct needs of users, in recent years, all major Internet companies have focused on the search business while building their own ecology and usage loop.
The recent challenges are ByteDance's Douyin search and Tencent's WeChat search.
According to the latest data, baidu app's monthly active users reached 560 million in March 2021, steadily rising again compared with the end of last year.
Based on its smart search, Baidu is entering more sectors including e-commerce, live streaming, healthcare, etc.
Baidu's core search business once faced a short-term crisis because it missed the general trend of mobile Internet from 2017 to 2019; and, the growth rate of Baidu's core main business search advertising showed a fluctuating downward trend.
2019 was Baidu's year of change. The drastic changes of personnel and organization sent a strong signal of Baidu's "turning around".
After the formal establishment of mobile eco-business group (MEG), SHEN Dou, executive vice president of Baidu group, led the strategic reconstruction of Baidu mobile ecology, with Baidu app as the core, search + newsfeed as the dual engine, relying on Baijiahao content network + smart mini-program framework + landing page tools as the three pillars.
As of March 2021, Baidu app saw 560 million MAU; Baijiahao content network has over 4.2 million creators; and, the number of mini programs reached 660,000 in 271 industries.
Baidu's mobile ecosystem now includes Baidu app, video apps Haokan and iQiyi, social platform Baidu Tieba, and Baidu Maps.
Mobile app download channels integrated with users’ lifestyle use case scenarios have gradually become the focus of mobile app vendors, shortening the download process and improving the user experience. The top download sources of mobile apps in June 2022 in China are Huawei App Store (909 million downloads), App Store (729M), and Oppo App Store […]
Baidu announced on 8 August 2022 that it has secured the first permits in China to offer commercial fully driverless robotaxi services to the public on open roads.
Baidu unveiled on 21 July 2022 its next-generation fully autonomous vehicle (AV) Apollo RT6, an all-electric, production-ready model with a detachable steering wheel. Designed for complex urban environments, Apollo RT6 will be put into operation in China in 2023 on Apollo Go, Baidu’s autonomous ride-hailing service.
Tencent has the highest reach of internet users in China in 2021 (95%) with 442 mobile apps, followed by Alibaba (88%), Baidu (81%), and ByteDance (73%), according to data from QuestMobile.
In 2022, 42.9% of advertisers in China expect to increase spending in digital marketing, 25 percentage points more than advertisers expect to reduce spending, according to CTR. China advertising market vs online ad market Advertisers of large enterprises with a budget of 500 million yuan or more are more confident in digital marketing spending. In […]
China’s cloud infrastructure services market grew by 45% to US$27.4 billion in 2021 according to Canalys.
Baidu shares top 10 technology trends in 2022 including large-scale pre-training model, AI for science, AI-powered computational biology, integration of quantum hardware and software, autonomous driving, deep space exploration, human-machine symbiosis, green AI, and Inclusive AI. As we begin 2022, with the global pandemic continuing to bring turmoil and the global economy facing numerous challenges, […]
Baidu opened Baidu Create 2021 on 27 December, the first day of a three-day annual flagship developers’ conference on its metaverse app XiRang. The event was also China’s first-ever metaverse technology symposium.
Baidu and Sanofi, a leading biopharmaceutical company focused on human health, have entered into an agreement to integrate Baidu’s messenger ribonucleic acid (mRNA) design optimization platform, LinearDesign, into Sanofi’s product design pipeline.
Kantar BrandZ Top 100 Most Valuable Chinese Brands grew by 57% year-on-year in 2021 to reach a total value of more than $1.56 trillion up from $996 billion in 2020.
Baidu held an event in the last week of October 2021 dedicated to its Apollo autonomous driving technology at Shougang Park in Beijing. The company announced an expansion of the Baidu Apollo robotaxi fleet, a tripling of the available safe road test mileage for autonomous vehicles and a significant update to its 5G Remote Driving […]
Mini Programs (MP) are light applications designed to run on top of a specific mobile app. Top technology companies in China have designed and run their own mini-program framework; and, the most popular ones include WeChat platform, Alibaba (Alipay platform; Taobao platform), Baidu Smart Program, and QuickApp. Lifestyle service is the most popular category on […]
China’s AI public cloud service market reached 2.41 billion yuan (US$370 million), accounting for 10.4% of the overall AI software market. IDC estimates that by 2025, the proportion of public cloud services in China’s AI software market will reach 36.1%. China’s AI software market reached 23.09 billion yuan in 2020, about 60% of the US […]
Baidu, Inc. will open fully driverless robotaxi services to the public in Beijing starting from May 2, 2021, which will be China’s first paid autonomous vehicle service where users can hail a robotaxi without a safety driver behind the steering wheel, marking a landmark step on the road to commercialization of autonomous driving.