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Baidu Inc (BIDU.DF)

BIDU.DF on NASD ADF

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24 May 2017
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Latest Key Developments (Source: Significant Developments)

Baidu reports qtrly revenue of $2.45 bln
Thursday, 27 Apr 2017 04:30pm EDT 

April 27 (Reuters) - Baidu Inc ::Baidu announces first quarter 2017 results.Q1 traffic acquisition cost as component of cost of revenues was RMB2.185 billion ($317.5 million), representing 12.9% of total revenues versus 14.1% .Total revenues in Q1 of 2017 were RMB16.891 billion ($2.454 billion), a 6.8% increase from corresponding period in 2016.Total revenues in Q1 of 2017 was $2.454 billion, a 6.8% increase.Qtrly net income attributable to baidu in Q1 of 2017 was RMB1.777 billion a 10.6% decrease from corresponding period in 2016.Online marketing revenues for Q1 of 2017 were RMB14.738 billion ($2.141 billion), representing a 1.3% decrease from corresponding period in 2016.Qtrly non-gaap net income attributable to Baidu in Q1 of 2017 was RMB2.390 billion a 1.3% increase from corresponding period in 2016.Non-Gaap diluted earnings per ADS for Q1 of 2017 $1.00.Diluted earnings attributable to Baidu per ADS for Q1 of 2017 were $0.67.Q2 2017, outlook expects to generate total revenues in an amount ranging from RMB20.470 billion to RMB20.980 billion.Jennifer Li is taking on role to form Baidu Capital, an investment firm, and serve as its CEO.Jennifer intends to step down as Baidu's Chief Financial Officer.  Full Article

Baidu Q1 revenue of RMB16.891 bln($2.454 bln)
Thursday, 27 Apr 2017 04:30pm EDT 

April 27 (Reuters) - Baidu Inc ::Baidu announces first quarter 2017 results.Baidu Inc - total revenues in q1 of 2017 were rmb16.891 billion ($2.454 billion), a 6.8 pct increase from corresponding period in 2016.Baidu - total revenues in Q1 of 2017 was $2.454 billion, a 6.8 pct increase.Baidu inc - qtrly net income attributable to baidu in q1 of 2017 was RMB1.777 billion a 10.6 pct decrease from corresponding period in 2016.Baidu inc - online marketing revenues for q1 of 2017 were rmb14.738 billion ($2.141 billion), representing a 1.3% decrease from corresponding period in 2016.Baidu - qtrly non-gaap net income attributable to Baidu in Q1 of 2017 was RMB2.390 billion a 1.3 pct increase from corresponding period in 2016.Non-Gaap diluted earnings per ads for Q1 of 2017 $1.00.Baidu - diluted earnings attributable to Baidu per ads for Q1 of 2017 were $0.67.Baidu - traffic acquisition cost as component of cost of revenues was RMB2.185 billion ($317.5 million), representing 12.9 pct of total revenues, versus 14.1 pct in corresponding period in 2016.Baidu - Q2 2017, outlook expects to generate total revenues in an amount ranging from RMB20.470 billion to RMB20.980 billion.  Full Article

Baidu to acquire xPerception
Thursday, 13 Apr 2017 02:50am EDT 

Baidu Inc : Baidu further strengthens visual perception capabilities with acquisition of xPerception .Following acquisition, core xPerception team will join Baidu Research.  Full Article

Baidu's chief scientist Andrew Ng says he is resigning from Baidu- blog post
Wednesday, 22 Mar 2017 12:14am EDT 

: Baidu's chief scientist Andrew Ng says he is resigning from Baidu- blog post Source http://bit.ly/2nQGebh ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Baidu Inc Q4 revenue RMB 18.212 billion
Thursday, 23 Feb 2017 04:30pm EST 

Baidu Inc : Baidu announces fourth quarter and fiscal year 2016 results . Sees Q1 2017 revenue up 4.2 to 7.6 percent . Baidu Inc says total revenues in Q4 of 2016 were RMB 18.212 billion ($2.623 billion), a 2.6% decrease from corresponding period in 2015 . Baidu says online marketing revenues for Q4 of 2016 were RMB 16.166 billion ($2.328 billion), representing an 8.2% decrease . Baidu says basic and diluted earnings per ads for Q4 of 2016 amounted to $1.65 and $1.64, respectively . Baidu says non-GAAP diluted earnings per ads for Q4 of 2016 amounted to RMB 13.23 ($1.91) . Baidu says mobile search monthly active users (MAUS) were 665 million for month of December 2016, an increase of 2% year-over-year . Baidu says mobile maps MAUS were 341 million for month of December 2016, an increase of 13% year-over-year . Baidu says traffic acquisition cost as a component of cost of revenues was $379.7 million, representing 14.5% of total revenues . Baidu says gross merchandise value for transaction services totaled RMB 18.1 billion ($2.6 billion) for Q4 of 2016, an increase of 23% year-over-year . Baidu says Baidu wallet activated accounts reached 100 million at end of December 2016, an increase of 88% year-over-year.  Full Article

Baidu enters strategic partnership with BAIC
Friday, 6 Jan 2017 02:00pm EST 

Baidu Inc : Baidu announces strategic partnership with BAIC . Says under new strategic partnership, Baidu and BAIC will cooperate on two key projects . Under new strategic partnership, Baidu and BAIC to launch car models in first half of 2017 with telematics solutions provided by Baidu . Companies will also explore broad cooperation in level 3 autonomous driving technology including high definition maps and learning map . Baidu and BAIC will co-launch a research lab to promote technological collaboration and mass application of intelligent vehicle technologies . Baidu and BAIC will cooperate to road test BAIC level 3 autonomous driving car by end of this year .Baidu will provide BAIC with intelligent vehicle oem solutions including CarLife, CoDriver, and MapAuto.  Full Article

Baidu USA-California Department of Motor Vehicles issues company Autonomous Vehicle Testing Permit, allowing company to test autonomous driving technologies in state
Thursday, 1 Sep 2016 12:21am EDT 

: Baidu USA - California Department Of Motor Vehicles issues company Autonomous Vehicle Testing Permit, allowing company to test autonomous driving technologies in state. . Baidu USA - "We will start testing our autonomous driving technologies on public roads very soon in California" . Baidu USA -"Baidu has already built a strong team in Silicon Valley to develop autonomous driving technologies" ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Baidu announces DuSee, new augmented reality platform for smartphones
Wednesday, 3 Aug 2016 07:00am EDT 

Baidu Inc :Announced DuSee, a new augmented reality platform developed for smartphones; DuSee will be integrated into Baidu's platform apps.  Full Article

Baidu announces Q2 2016 results
Thursday, 28 Jul 2016 04:30pm EDT 

Baidu Inc : Mobile revenue represented 62% of total revenues for Q2 of 2016 . Diluted earnings per ads for q2 of 2016 amounted to rmb6.57 ($0.99) . Baidu announces second quarter 2016 results . Sees Q3 2016 revenue down 1.9 percent . Total revenues in q2 of 2016 were rmb18.264 billion ($2.748 billion), a 10.2% increase . Non-Gaap diluted earnings per ads for q2 of 2016 amounted to rmb8.08 ($1.22) . Online marketing revenues for q2 were rmb16.939 billion ($2.549 billion), representing a 4.4% increase from corresponding period in 2015 .Qtrly traffic acquisition cost as component of cost of revenues was rmb2.908 billion ($437.6 million), representing 15.9% of total revenues, versus 12.7%.  Full Article

Baidu says buyer group withdraws offer to acquire Qiyi.com Inc
Monday, 25 Jul 2016 09:00am EDT 

Baidu Inc : Baidu announces receipt of withdrawal of buyer group's non-binding offer to acquire Qiyi.com Inc . Buyer group and Baidu had not been able to reach an agreement on transaction structure and purchase price after rounds of discussions ."online video is an important vertical for Baidu, in which iQiyi remains a key strategic partner".  Full Article

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Baidu sees weak second quarter as ad business curbs hurt; shares fall

BEIJING Baidu Inc on Friday forecast second-quarter revenue largely below estimates as the Chinese internet company continues to grapple with Beijing's restrictions on its lucrative medical advertisements segment, sending its shares down six percent in extended trading.