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Baidu Inc News

18 Sep 2017

Baidu hires Weibo CFO Herman Yu as finance chief amid AI push

The appointment of Herman Yu, Weibo`s CFO since 2015, sees Baidu stalwart Jennifer Li step down as CFO after almost a decade in the role to become a senior adviser to Baidu`s top management, the company said in a statement.

22 Mar 2017

Baidu's chief scientist, who led firm's AI push, to resign

Baidu Inc chief scientist Andrew Ng said on Wednesday he will resign from the Chinese search engine company after three years of leading its drive into artificial intelligence (AI) and augmented reality (AR) projects.

17 Mar 2017

Baidu leads investment into green car start-up NextEV

Baidu Inc said on Friday it had led an investment round into green car start-up NextEV, as the Chinese search engine giant looks for new growth drivers and as competition heats up in the fast-growing electric vehicles market.

12 Oct 2016

China's Baidu sets up $3 billion internet investment fund

China`s Baidu Inc said on Wednesday it has established a 20 billion yuan ($3 billion) investment fund, Baidu Capital, focusing on mid- and late-stage deals in the internet sector.

China technology company

15 Apr 2016

China's Tencent seeks additional loan worth $2 billion

China`s Tencent Holdings Ltd is seeking a loan of up to $2 billion, part of a flurry of fund-raising by the country`s Internet giants, two people involved in the financing told Thomson Reuters LPC, a loan-focused news service.

30 Jul 2015

China's Baidu to buy back $1 billion shares after investor selldown

Baidu Inc, China`s biggest internet search engine company, said on Thursday it will buy back shares worth $1 billion after the company`s stock price slid following a weak earnings report earlier this week.

30 Jun 2015

Baidu to invest $3.2 bn in online-to-offline services within three years

China`s dominant Internet search engine Baidu Inc said on Tuesday it would invest 20 billion yuan ($3.22 billion) over the next three years on online-to-offline services, including group-buying service Nuomi.

29 Oct 2014

China's Baidu posts Q3 revenue below analysts' targets

Baidu Inc posted a less-than-expected 52 percent surge in third-quarter revenue, even as mobile traffic for China`s dominant Internet search engine continued to grow.

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