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Baidu Inc (BIDU.OQ)

BIDU.OQ on NASDAQ Stock Exchange Global Select Market

183.34USD
13 Nov 2018
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Latest Key Developments (Source: Significant Developments)

Baidu Announces Proposed Debt Offering
Wednesday, 7 Nov 2018 

Baidu Inc ::BAIDU ANNOUNCES PROPOSED DEBT OFFERING.BAIDU - INTENDS TO USE NET PROCEEDS FROM OFFERING TO REPAY EXISTING INDEBTEDNESS.  Full Article

Iqiyi Joins Forces With Baidu And Bgctv To Launch Gehua Little Fruit Set Top Box
Friday, 28 Sep 2018 

Sept 28 (Reuters) - IQIYI Inc ::IQIYI JOINS FORCES WITH BAIDU AND BGCTV TO LAUNCH GEHUA LITTLE FRUIT SET TOP BOX.IQIYI INC - LAUNCH OF GEHUA LITTLE FRUIT SET TOP BOX, DEVELOPED IN PARTNERSHIP WITH BAIDU AND BEIJING GEHUA CATV NETWORK CO.  Full Article

Baidu Reports Q2 Earnings per ADS RMB 18 ($2.74)
Tuesday, 31 Jul 2018 

July 31 (Reuters) - Baidu Inc ::BAIDU ANNOUNCES SECOND QUARTER 2018 RESULTS.Q2 REVENUE ROSE 32 PERCENT TO RMB 26 BILLION.QTRLY DILUTED EARNINGS ATTRIBUTABLE TO BAIDU PER ADS WAS RMB 18 ($2.74).QTRLY NON-GAAP DILUTED EARNINGS PER ADS WAS RMB 21 ($3.18).FOR Q3 OF 2018, BAIDU EXPECTS REVENUES TO BE BETWEEN RMB 27.37 BILLION AND RMB 28.77 BILLION.QTRLY ONLINE MARKETING REVENUES WERE RMB 21.1 BILLION ($3.18 BILLION), REPRESENTING A 25% INCREASE YEAR OVER YEAR.QTRLY TRAFFIC ACQUISITION COST WAS RMB 2.7 BILLION ($408 MILLION), REPRESENTING A 9% INCREASE YEAR OVER YEAR.BAIDU - EXCLUDING IMPACT FROM ANNOUNCED DIVESTURES, INCLUDING GLOBAL DU & DU XIAOMAN, BAIDU EXPECTS Q3 REVENUES TO BE BETWEEN RMB 26.56 BILLION AND RMB 27.92 BILLION.Q3 REVENUE VIEW CNY 27.92 BILLION -- THOMSON REUTERS I/B/E/S.Q2 REVENUE VIEW CNY 25.56 BILLION -- THOMSON REUTERS I/B/E/S."CONTINUE TO INCREASE OUR INVESTMENTS IN AI-POWERED BUSINESSES WITH STRONG SYNERGIES AND DIVEST FROM NON-CORE BUSINESSES".  Full Article

Analog Devices Collaborates With Baidu On Project Apollo To Advance Autonomous Driving
Tuesday, 10 Jul 2018 

July 10 (Reuters) - Analog Devices Inc ::ANALOG DEVICES COLLABORATES WITH BAIDU ON PROJECT APOLLO TO ADVANCE AUTONOMOUS DRIVING.ANALOG DEVICES INC - SIGNED A COLLABORATION MOU WITH BAIDU TO JOINTLY ADVANCE AUTONOMOUS DRIVING.  Full Article

Baidu Says Begun Volume Production Of Apolong, China's First L4 Fully Autonomous Bus
Wednesday, 4 Jul 2018 

July 3 (Reuters) - Baidu Inc ::BAIDU REACHES NEW MILESTONE IN AUTONOMOUS DRIVING WITH VOLUME PRODUCTION OF CHINA’S FIRST COMMERCIALLY DEPLOYED FULLY AUTONOMOUS BUS.BEGUN VOLUME PRODUCTION OF APOLONG, CHINA'S FIRST L4 FULLY AUTONOMOUS BUS.TEAMED UP WITH KING LONG AND SB DRIVE TO BRING APOLONG AUTONOMOUS MINI BUSES TO JAPAN IN EARLY 2019.  Full Article

Baidu Says It Unveils AI Chip Kunlun
Wednesday, 4 Jul 2018 

July 3 (Reuters) - Baidu Inc ::BAIDU UNVEILS HIGH-PERFORMANCE AI CHIP, KUNLUN, AT BAIDU CREATE 2018.  Full Article

BRIEF-Jinzhou Jixiang Moly To Buy 8 Percent Stake In Baidu's Network Technology Firm
Tuesday, 26 Jun 2018 

Refiles to add bullet point, link:SAYS IT PLANS TO BUY 8 PERCENT STAKE IN BAIDU'S NETWORK TECHNOLOGY FIRM FOR 96.0 MILLION YUAN ($14.61 million).SAYS IT EXPECTS H1 NET PROFIT TO RISE 245-311 PCT Y/Y TO 210-250 MLN YUAN.  Full Article

Qi Lu To Transition Into New Role At Baidu, Baidu Promotes Haifeng Wang To Senior Vice President
Friday, 18 May 2018 

May 18 (Reuters) - Baidu Inc ::QI LU TO TRANSITION INTO NEW ROLE AT BAIDU, BAIDU PROMOTES HAIFENG WANG TO SENIOR VICE PRESIDENT.QI LU WILL NO LONGER SERVE AS CHIEF OPERATING OFFICER OF COMPANY STARTING IN JULY 2018.HAIFENG WANG HAS BEEN PROMOTED TO SENIOR VICE PRESIDENT AND GENERAL MANAGER OF BAIDU'S AI GROUP.QI LU WILL CONTINUE TO SERVE AS VICE CHAIRMAN OF BOARD OF DIRECTORS.  Full Article

Baidu Enters Definitive Agreements To Divest Financial Services Business
Sunday, 29 Apr 2018 

April 29 (Reuters) - Baidu Inc ::BAIDU ENTERS INTO DEFINITIVE AGREEMENTS TO DIVEST ITS FINANCIAL SERVICES BUSINESS.ENTERED INTO DEFINITIVE AGREEMENTS WITH CERTAIN INVESTORS RELATING TO DIVESTITURE OF ITS FINANCIAL SERVICE BUSINESS.INVESTORS ARE LED BY TPG AND CARLYLE GROUP, WITH PARTICIPATION FROM TAIKANG GROUP, ABC INTERNATIONAL HOLDINGS AND OTHERS.WILL DIVEST A MAJORITY EQUITY STAKE IN FSG, WHICH HAS BEEN RENAMED AS DU XIAOMAN FINANCIAL.BAIDU - DU XIAOMAN WILL RAISE ABOUT US$1.9 BILLION, AMONG WHICH DU XIAOMAN WILL RECEIVE $840 MILLION WITH REMAINING BALANCE USED TO PURCHASE EXISTING STAKE.UPON COMPLETION OF TRANSACTION, BAIDU WILL OWN APPROXIMATELY 42% OF DU XIAOMAN'S OUTSTANDING SHARES.UPON COMPLETION OF TRANSACTION, BAIDU WILL NO LONGER HAVE EFFECTIVE CONTROL OVER DU XIAOMAN.DU XIAOMAN WILL OPERATE INDEPENDENTLY FROM BAIDU AND WILL ENTER INTO BUSINESS COOPERATION ARRANGEMENTS WITH BAIDU.GUANG ZHU, BAIDU SENIOR VICE PRESIDENT AND GENERAL MANAGER OF FSG, WILL BECOME CEO OF DU XIAOMAN.  Full Article

iQIYI Inc Prices IPO Of 125 Mln ADSS At $180 Per ADS​
Thursday, 29 Mar 2018 

March 29 (Reuters) - Beijing iQIYI Technology Co Ltd IQ.O::IQIYI INC. ANNOUNCES PRICING OF INITIAL PUBLIC OFFERING.IQIYI INC - ‍PRICING IPO OF 125 MILLION ADSS, EACH REPRESENTING SEVEN CLASS A ORDINARY SHARES OF CO, AT A PRICE OF US$18.00 PER ADS​.  Full Article

RPT-Tencent's Q3 ad revenue in focus as games business slows on China crackdown

HONG KONG, Nov 13 Tencent Holdings is expected to report a small rise in quarterly net profit on Wednesday, with a steady gain in advertising revenue helping offset a slump in its core gaming business caused by a prolonged regulatory crackdown.