Baidu(百度集团)
Fast facts
- Year Founded
- 2021
Source: Qichachawww.qcc.com/firm/h424bc94cb06978d69b84c102b8708c3.html
- HQ Location
- Beijing, China
- Publicly Traded?
- Yes
Source: NASDAQ Websitewww.nasdaq.com/market-activity/stocks/bidu
- Overseas Operations
- Yes
Baidu, currently holding 1.33% of the global search engine market, has branches in 7 overseas areas: Japan, U.S. (Sunnyvale, CA), Korea, Singapore, India, Indonesia, and Thailand. Two of its subsidiaries, Baidu Holdings Limited and iQIYI Inc, are registered in British Virgin Islands and Cayman Islands, respectively.Source: Baidu Baike, Baidu 2019 Annual Reportbaike.baidu.com/item/百度/6699www.sec.gov/ix
- US Sanctions
- No
Source: The White House Press Briefingwww.whitehouse.gov/briefings-statements/remarks-president-trump-press-briefing-august-15-2020/
- Military Affiliation in China
- No
Baidu was nearly included in the US Communist Chinese Military Companies (CCMC) Sanctions list in January 2021 for alleged ties to China's military. Despite pressure from the Pentagon and State Department, then Treasury Secretary Mnuchin managed to keep Baidu off the list.Source: Financial Timeswww.ft.com/content/46505ee0-fb3d-4cf0-a3df-64e9661e839f
Revenue
Data based on 2021 Annual Report. RMB to USD conversion based on 3/8/22 rates.Source: Qichachawww.qcc.com/cbase/h424bc94cb06978d69b84c102b8708c3.html
Valuation
Valuation is reported as market capitalization. It was converted from HKD using the exchange rate from June 26, 2022 13:48:55.Source: Yahoo Financefinance.yahoo.com/quote/9888.HK/key-statistics
Employees
Source: Baidu Baikebaike.baidu.com/item/百度/6699
This is the profile for a publicly listed company known as Baidu Baike. For the profile of the operating company associated with, but distinct from this company, click here: Baidu Baike [include hyperlink].
Founded in 2000 by Robin Li and Eric Xu in a Beijing hotel room, Baidu (meaning “hundreds of times” or “hundred degrees,” taken from a famous Song dynasty poem) took advantage of the nascent ad revenue model early on to quickly become the leading search engine in China.
In 2005, Baidu listed on NASDAQ and in December 2007 became the first Chinese company to be included in the NASDAQ-100 Index. After developing an artificial intelligence unit (“Baidu Brain”) in 2010, Baidu has gone from a search engine to “an AI company with strong internet foundations.” Baidu provides the full AI stack – AI chips, deep learning framework, and all core AI capabilities. With nearly a billion devices accessing Baidu monthly, it has established a firm leadership position in the Chinese market (78%) and succeeded in fending off global search engine powerhouses Google, Yahoo, and Bing.
In addition to search, Baidu offers a whole suite of apps and other features including maps, news, video, anti-virus software, internet TV, and even autonomous driving vehicles. After a falling stock price and loss of top talent had investors worried about Baidu, it has become clear that the company is staking its future success on the value of AI.
Baidu (NASDAQ: BIDU) went public on August 5, 2005 on the NASDAQ exchange at a price of $27 per American depositary share (ADS), valuing the company at USD $3.96B.
Source: Baidu Websitehome.baidu.com/home/index/companySource: NASDAQ Websitewww.nasdaq.com/market-activity/stocks/biduSource: SEC Baidu 2019 Annual Reportwww.sec.gov/ixSource: BBCwww.bbc.com/news/technology-53998205Source: The White House Press Briefingwww.whitehouse.gov/briefings-statements/remarks-president-trump-press-briefing-august-15-2020/
Baidu China is 100% held by Baidu Hong Kong and Baidu Hong Kong is 100% held by British-Virgin-Island-registered company Baidu Holdings Limited. Handsome Reward Limited is a British Virgin Islands company wholly owned and controlled by Mr. Robin Yanhong Li. The Bank of New York Mellon is the depositary of Baidu's American Depositary Share program and holds approximately 78.3% of Baidu's total outstanding shares, or 51.76% of all shares.
Source: Qichachawww.qcc.com/firm/644f2f8965a750c40892b30fdd909b19.htmlSource: Baidu 2020 Annual Reportwww.qcc.com/firm/hac37b9e2692266286bf7a79d94c1ff5.htmlir.baidu.com/static-files/175cb0a9-9c28-424a-9af0-fdb1cccbfc97
-
- Name
- Ownership
-
- Robin Li
Source: Qichachawww.qcc.com/cbase/h424bc94cb06978d69b84c102b8708c3.html
- 17%
- Robin Li
- Li Yanhong (李彦宏) Director, Chairman, Chief Executive Officer
- Fu Jixun (符绩勋) Independent Director
- Ding Jian (丁健) Independent Director
- Yang Yuanqing (杨元庆) Independent Director
- Brent Callinicos, Independent Director
- Yu Zhengjun (余正钧) Chief Financial Officer
- Shen Dou (沈抖) Executive Vice President
- Luo Rong (罗戎) Chief Financial Officer
- Liang Zhixiang (梁志祥) Senior Vice President
- Wang Haifeng (王海峰) Chief Technology Officer
- Cui Shanshan (崔珊珊) Senior Vice President
Source: Qichachawww.qcc.com/cbase/h424bc94cb06978d69b84c102b8708c3.html
Baidu, currently holding 1.33% of the global search engine market, has branches in 7 overseas areas: Japan, U.S. (Sunnyvale, CA), Korea, Singapore, India, Indonesia, and Thailand. Two of its subsidiaries, Baidu Holdings Limited and iQIYI Inc, are registered in British Virgin Islands and Cayman Islands, respectively.
Source: Baidu Baike, Baidu 2019 Annual Reportbaike.baidu.com/item/百度/6699www.sec.gov/ix
Baidu Sanctions
While at this time it appears that this company is not the subject of any U.S. or other global sanctions, it is important to note that Chinese companies tend to have more opaque organizational structures than their Western peers. Chinese companies' affiliated brands, operating units, and overseas subsidiaries are not always obvious or even identifiable. Given this, a Chinese company may not be the subject of sanctions, but one of its subsidiaries may be, thus making it difficult to accurately ascertain a company's full sanctions status.
When asked "Which other Chinese tech companies are you looking at banning from operating in the United States," such as Baidu, Trump answered:"We’re looking at other things. Yes, we are. We are," according to the White House press briefing on August 15, 2020.
Source: The White House Press Briefingwww.whitehouse.gov/briefings-statements/remarks-president-trump-press-briefing-august-15-2020/
The latest news on Baidu from SupChina
China pushes ahead with driverless cars and taxis and the microchips that control them
China has pushed itself to the forefront of the self-driving industry, with companies like Baidu and Pony.ai now permitted to offer robotaxi rides in some major cities.
China’s exposure to the Russia sanctions, explained
The impact of sanctions on Russia for China's economy might not be large in the short-term, but will supercharge Beijing's campaign for technological self-sufficiency.
The top 10 metaverse companies in China
The metaverse, a concept world of virtual and augmented reality, including games and remote working environments, is the hot new thing for China’s tech investors. Here are the top 10 companies in the space.
Baidu woke up early but was late to market — phrase of the week
Baidu had a head start in self-driving cars but may have wasted its lead, and there’s a Chinese proverb for that.
China bulls lose a boatload of money on Alibaba, on paper
Some investors remain sanguine as Alibaba and other Chinese internet stocks continue to tank.
All the electric car companies in China — a guide to the 46 top players in the Chinese EV industry
Updated December 1: Electric vehicles, smart systems to drive them, and advanced batteries to power them are attracting enormous sums of capital and China’s best engineering talent. These are the companies that are fighting for one of the most lucrative markets in the world. Many of them will be global EV players.
Tech companies hit hard in this year’s 315 Gala
In this year’s consumer’s day name-and-shame gala, facial recognition startups and job-seeking sites are accused of data privacy breach, web browsers and phone cleanser apps alleged of fake advertising.
Will China’s government-controlled cloud rain on fintech innovation?
The Chinese government has demonstrated a willingness to innovate in the financial services technology sector. For example, the People's Bank of China (PBOC) has announced accelerated plans for a central bank digital currency (CBDC), and filed scores of CBDC patents (paywall), while private sector fintech initiatives like Baidu’s Xuperchain network have been introduced to great fanfare. What's more, the PBOC's Fintech Development Plan 2019–2021 (in Chinese) expresses support for technological innovation, including the use of cloud storage for financial data such as payments.
The latest news on Baidu from across the web
Ant Group, Tencent, Baidu and Others Opt for Self-Regulation of Digital Collection Industry - Pandaily
With the China Cultural Industry Association taking the lead, nearly 30 Chinese enterprises and institutions have jointly launched the Initiative for Self-Regulation Development of the Digital Collection Industry on Thursday.
What Are Whales Doing With Baidu - Benzinga
A whale with a lot of money to spend has taken a noticeably bearish stance on Baidu. Looking at options history for Baidu (NASDAQ:BIDU) we detected 15 strange trades.
Alibaba, Baidu gains highlight advances for Chinese Internet stocks
Chinese tech stocks started the week on a mostly upbeat note as the likes of Alibaba, Baidu, Weibo and Tencent Holdings all headed north.
China tech shares surge as Alibaba, Baidu earnings boost sentiment
Hong Kong's Hang Seng Tech Index gained as much as 4.9%, the most in a week. . Read more at straitstimes.com.
Baidu Surges After Fourth-Quarter Revenue Beats Expectations for Fourth Straight Quarter
Baidu’s revenue beat out analyst forecasts for the fourth straight quarter, leaving company shares to surge. The firm closed on the NASDAQ up almost 7%, and made nearly a 10% jump in Hong Kong. The tech giant is still down nearly 40% in the last year.
百度回应自动驾驶裁员传闻：谣言很多 内部没听到这样的消息
Baidu has denied reports of mass layoffs at its autonomous driving division, calling them “rumors.” (Video streamer iQiyi, of which Baidu owns 56.2%, did fire hundreds of staff earlier this week.)
China Fines Alibaba, Tencent in Latest Antitrust Investigation
Just another day in antitrust enforcement: “Alibaba, Tencent, and Baidu are the target of another round of antitrust fines on Saturday [November 20] totaling 21.5 million yuan ($3.4 million),” per Bloomberg via Caixin. Other big names in China tech such as JD.com, ByteDance, and Meituan were also “fined 500,000 yuan ($78,000) for each violation” of antitrust law, TechNode reports. Caixin notes that the “first salvo since the appointment of Gān Lín 甘霖 as the head of the country’s anti-monopoly bureau” was met mostly with a shrug by markets.
China's Baidu to dispatch robotaxis in 100 cities by 2030
Baidu will dispatch its driverless taxi service to 100 cities by 2030, CEO Robin Lǐ Yànhóng 李彦宏 announced.
China Tells Internet Companies to Stop Blocking Links From Rivals
Tencent, Alibaba, ByteDance and other technology companies were called to a meeting with Chinese officials last week, as Beijing seeks to end a practice that has become common in the past few years.
Baidu and ON Semiconductor Team Up With Eye on Image Sensors for Self-Driving Cars
Baidu and ON Semiconductor Team Up With Eye on Image Sensors for Self-Driving Cars-
China Tech Selloff Resumes, Adding to Month of Huge Losses
Investors are reeling from drastic moves against the after-school tutoring sector, one in a series of government salvos.
In Depth: Searched-Out Baidu Bets on Cloud, Autonomous Driving
Company’s shares rallied after its latest quarterly results showed some of its new initiatives may be starting to bear fruit, though progress has been slow
Baidu files updated documents for second listing in Hong Kong
Baidu (BIDU)has submitted updated listing documents with the Hong Kong stock exchange
U.S. Counterfeit Blacklist Sees Return of Baidu, Debut of WeChat Retail Partner
Latest edition of U.S. Trade Representative’s ‘Notorious Markets’ list also includes repeat appearances by Pinduoduo and Alibaba’s Taobao
Roads to Nowhere Cost Baidu $10 Million in Mapping Dispute
Court rules search engine giant used another company’s digital maps’ without permission
Baidu Hopes $3.6 Billion Livestreaming Deal Will Boost Its Stagnant Revenue
Takeover gives search giant access to 4.1 million paying users as it struggles against upstarts like TikTok-maker ByteDance
Baidu Takes Aim at ByteDance, Tencent With Internal Video Merger
Search giant combines Haokan and Quanmin to get bigger share of $19.3 billion market
Baidu CEO Talks Up ‘Smart Transport’ as Search Giant Continues to Bank on Self-Driving Cars
Robin Li predicts efficiency gains from AI innovations will drive economic growth for years to come
Mapping China's Tech Giants | Australian Strategic Policy Institute
Chinese technology companies are becoming increasingly important and dynamic actors on the world stage, but their growing influence also brings a range of strategic considerations.
Baidu Removes 1.1 Billion Problematic Ads as Regulators Clamp Down
Chinese authorities have been pushing internet companies to crack down on inappropriate content
Baidu’s Management Reshuffle Taps Young Blood After First Quarterly Loss in 15 Years
Tech giant promotes smart devices unit head to vice president after company begins losing money
Baidu in Hot Water After Hospital Mix-Up
Company’s advertising strategy under fire for promoting deceptively named private facility
Baidu's EV firm Jidu hires ex-Cadillac designer
Jidu Auto, a smart electric vehicle venture between China's tech giant Baidu Inc (9888.HK) and Chinese automaker Geely (GEELY.UL), said it has hired Frank Wu, formerly at Cadillac, to lead its design studio.
Chinese lidar maker Hesai lands $300M led by Hillhouse, Xiaomi, Meituan
The rush to back lidar companies continues as more automakers and robotaxi startups include the remote sensing method in their vehicles. Latest to the investment boom is Hesai, a Shanghai-based lidar maker founded in 2014 with an office in Palo Alto. The company just raised over $300 million in a Series D funding round led […]
Alibaba, Baidu and Tencent learn Netflix lessons in content fight
Original shows help China's long-form video platforms win back viewers from apps
China says ByteDance, Baidu, Microsoft improperly collected user data
China's internet watchdog said on Friday that companies including ByteDance, Baidu (9888.HK) and Kuaishou (1024.HK) had improperly collected user data.
Baidu starts offering paid robotaxi service in Beijing on May 2
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. The fully driverless Apollo Go Robotaxi service will first be launched in Beijing’s Shougang Park – one of the venues for the 2022 Beijing Winter Olympics – and will soon be transporting visitors at the games. With the ride-hailing service being launched during the bustling Labor Day
China orders fintech companies to stick to the rules as clampdown widens
The country's platform economy has grown rapidly and covers whole range of e-commerce activities ranging from banking to shopping and food delivery.
Baidu will charge for robotaxis in Beijing, the first in China to do so
Baidu will allow people to order autonomous taxis on May 2 in an industrial park in western Beijing as competition heats up in the race to develop autonomous driving tech.
How ByteDance Could Take a Bite Out of Tencent
Tiktok owner ByteDance has already laid former rivals like Baidu and Weibo low. Tencent could be next.
EXCLUSIVE Baidu’s Jidu Auto to invest $7.7 bln in ‘robot’ smart cars
Jidu Auto, an electric vehicle venture between China's tech giant Baidu and Chinese automaker Geely, aims to plough 50 billion yuan ($7.7 billion) into producing smart cars over the next five years, its chief executive told Reuters.
China’s Xinjiang Solar Factories Haunted by Labor Abuse Claims
The world’s solar power surge depends on polysilicon from Xinjiang factories.
Chinese tech giant Baidu to raise $3.1 billion in Hong Kong listing
Baidu has priced its shares at 252 Hong Kong dollars ($32.45) each which will raise the company around $3.1 billion.
Baidu’s AI chip unit Kunlun completes new funding, at $2 billion valuation: source
Chinese search giant Baidu Inc said on Monday that its artificial intelligence chip unit Kunlun recently completed a round of fundraising, which according to one source with direct knowledge of the matter values the business at about $2 billion.
China’s Baidu Aims to Raise $3 Billion in Hong Kong Share Sale
The operator of China’s largest search engine intends to sell 95 million new shares, planning to list on the Hong Kong stock exchange on March 23.
Baidu wins USD 16.1 million bid to upgrade roads for autonomous driving in Chengdu | KrASIA
Baidu Apollo has won a bid to build a 5G intelligent driving project in Chengdu, in southwest China's Sichuan province, in a tender worth RMB 105 million (USD 16.1 million), the internet giant said in a press release on Thursday.
China's Baidu to sell around 4% of shares in HK listing: sources
Chinese search engine giant Baidu Inc will launch its Hong Kong secondary listing on Friday and will sell around 4% of its shares, which at current price will raise at least $3 billion, two sources with direct knowledge of the matter told Reuters.
Baidu honors the CCP on Women's Day
Chinese search engine Baidu, like its global rival Google, celebrates major holidays with special doodles. On March 8 — which is International Women's Day and also the meeting of China's National People's Congress and its National Committee of the Chinese People's Political Consultative Conference —...
TikTok sister app Douyin to boost investment in search service
ByteDance-owned Douyin’s sharpened focus on search aims to further monetise its vast trove of user-generated videos.
Baidu reports solid profits, expects first EV within 3 years | KrASIA
The takeover of YY Live has been "substantially completed."
Chinese apps ban: TikTok, WeChat, Baidu and UC Browser among 59 Chinese apps permanently banned in India | India Business News - Times of India
India Business News: In a sweeping move that may lead to legal challenges and further acrimony between India and China in the digital space, the government has permanently
Alibaba, Tencent and Baidu spared from US investor blacklist
Treasury secretary sees off China hawks in dispute over whether to ban investment in tech groups
WSJ News Exclusive | Americans Won’t Be Banned From Investing in Alibaba, Tencent and Baidu
Alibaba, Baidu, and Tencent were among a dozen companies being examined for inclusion in a Defense Department list of firms deemed to support China’s military, intelligence and security services.
China's Baidu to create an intelligent EV company with automaker Geely
China's search engine giant Baidu Inc said on Monday it will set up a company to partner with car maker Zhejiang Geely Holding Group to make smart electric vehicles (EV), the latest move by a tech company in the fast-evolving sector.
Baidu set to announce EV venture with automaker Geely, report says
The announcement may come as soon as next week.
Baidu picks CLSA, Goldman for secondary listing in Hong Kong
Baidu joins a wave of US-listed Chinese firms in seeking a trading foothold in Hong Kong amid simmering tensions between the world’s two biggest economies. Companies from JD.com to NetEase raised about US$17 billion through share sales in Hong Kong last year, according to Bloomberg’s data.
Baidu plans smart EV company, to make cars at Geely plant: Report
China's Baidu plans to form a company to make smart electric vehicles (EV), two sources familiar with the matter said, with manufacturing to be ...
WSJ News Exclusive | U.S. Weighs Adding Alibaba, Tencent to China Stock Ban
Federal officials have discussed expanding a blacklist of companies off limits to U.S. investments over concerns about ties to Chinese authorities.
Exclusive-China search giant Baidu considers making own electric vehicles -sources
China's Baidu Inc is considering making its own electric vehicles and has held talks with automakers about the possibility, three people with knowledge of the matter said, the latest move in a race among tech firms to develop smart cars.
JD Health shares close 56% higher on their market debut in Hong Kong
JD Health shares rallied throughout the day, hitting an intra-day high of 123.3 Hong Kong dollars — or as high as 75% from the offer price.
Baidu revenue beats estimates; to buy JOYY's China live-streaming unit
Chinese search engine leader Baidu Inc booked a 1% rise in quarterly revenue, beating market estimates, and said it will buy streaming platform YY Live from social media firm JOYY Inc for about $3.6 billion to help diversify revenue sources.
Baidu nears $4 billion deal to nab Joyy's China unit · TechNode
Search giant Baidu is near a deal to acquire US-listed Chinese video-streaming platform Joyy's China operations in order to boost its livestream business.
Baidu fundraising puts $3bn value on smart device business
Chinese search leader enlists IDG and CITIC arm as investors
Baidu-backed online tutor Zuoyebang seeks new funding at $10 billion valuation: sources
Chinese online education startup Zuoyebang has started a new fundraising drive at a valuation of $10 billion, said two people with direct knowledge of the matter, as investor appetite for the sector continues to surge amid the COVID-19 pandemic.
More than 100,000 riders have used Baidu robotaxis · TechNode
Accelerating passenger numbers for the Baidu self-driving pilot underscore China’s growing efforts to win the global autonomous vehicle race.
Exclusive: Baidu, investors in talks to raise $2 billion for biotech startup - source
Chinese tech giant Baidu is in talks with investors to raise up to $2 billion over three years for a biotech startup, which will use AI technology to discover new drugs and diagnose diseases, a person with direct knowledge of the matter said.
Chinese Netflix-style service iQiyi tanks by 18% after U.S. regulators investigate fraud allegations
The SEC investigation was prompted by a report from Wolfpack Research in April in which it accused iQiyi of fraud and inflating revenue and user numbers.
India widens China app ban to Baidu and Weibo · TechNode
Chinese search engine Baidu Search and social media platform Weibo were blocked by internet service providers and removed from app stores in India.
Baidu Breaks Off an AI Alliance Amid Strained US-China Ties
The search giant was the only Chinese member of the Partnership on Artificial Intelligence, a US-led effort to foster collaboration on ethical issues.
As Chinese listings 'migrate' from U.S. to Hong Kong, it could attract more than $500 billion to the city
Currently, companies listed in the U.S. can have a secondary listing on the Hong Kong Stock Exchange. But, before the latest rule change, they could not be included in the benchmark HSI.
Chinese cloud firm gears up for $3.8 billion US listing despite coronavirus uncertainty
Kingsoft Cloud's IPO comes amid a tough stock market environment due to the coronavirus pandemic and as scrutiny of Chinese listings in the U.S. intensifies following revelations of fraud at coffee chain Luckin Coffee.
Its U.S. Shares Soaring, JD.com Files to List in Hong Kong
Chinese e-commerce giant JD.com, listed on Nasdaq since 2014, filed a confidential application for a secondary listing in Hong Kong—moving a step closer to a stock sale as early as June.
Cloudflare partners with JD to expand its network in China – TechCrunch
Cloudflare today announced a new partnership with JD Cloud & AI that will see the company expand its network in Chinato an additional 150 data centers. Currently, Cloudflare is available in 17 data centers in mainland China, thanks to a long-standing partnership with Baidu, but this new deal is obviously significantly larger. CloudFlare’s original partnership […]
Chinese giants Huawei and Tencent join national group on blockchain after Xi's backing for the tech
China's national committee aims to set the standards for blockchain as it hopes to become a world leader in the nascent space.
Chinese e-commerce giant takes aim at rival leader Alibaba in cloud as China market heats up
JD.com, a major Chinese e-commerce company, is looking to become the technology platform of choice for U.S. customers in a cloud computing market dominated by Alibaba.
Baidu is building everything Chongqing needs for self-driving cars · TechNode
China’s biggest internet search company Baidu has won a bid to build public road infrastructure for self-driving cars in southwestern Chongqing
China will ship more smart speakers in 2020 despite coronavirus disruption
Alibaba, Baidu and Xiaomi lead China’s rapidly growing smart speaker market
Baidu releases open-source tool to detect faces without masks · TechNode
Inspections in China for those without masks have largely been manual, making identifying non-mask wearers in crowds difficult.
Baidu eyeing secondary Hong Kong listing: report · TechNode
China's largest search engine may be considering a listing on the Hong Kong exchange, following Alibaba's November blockbuster offering.
Baidu Launches Xiaodu Smart Display X8 with Revamped Features for Enriching Home Life
BEIJING, Dec. 12, 2019 (GLOBE NEWSWIRE) -- Baidu, Inc. (NASDAQ: BIDU) on Thursday unveiled the Xiaodu Smart Display X8, customized for the evolving needs...