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Baidu Inc (BIDU.O)

BIDU.O on Nasdaq

220.69USD
18 Aug 2017
Change (% chg)

$-0.36 (-0.16%)
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$221.05
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Volume
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Latest Key Developments (Source: Significant Developments)

China Unicom agrees to raise 78 bln yuan in private investment
Wednesday, 16 Aug 2017 05:16am EDT 

Aug 16 (Reuters) - China Unicom Hong Kong Ltd <0762.HK>:Says mixed-ownership reform proposal approved by the national development and reform commission.Says share issue proposal has been approved by board of Unicom China listed company.Says strategic investors including Alibaba <<>>, Baidu <<>>, JD.com, Tencent <<<0700.HK>>> to invest about 78 billion yuan.Exec says china listed unit will allot three board seats to private investors.Exec says mixed-ownership restructuring will complete by year end.  Full Article

Baidu ‍non-GAAP diluted earnings per ADS for Q2 $2.36
Thursday, 27 Jul 2017 04:59pm EDT 

July 27 (Reuters) - Baidu Inc :Baidu announces second quarter 2017 results.Baidu Inc - ‍online marketing revenues for Q2 of 2017 were RMB17.883 billion ($2.638 billion), representing a 5.6%​.Baidu Inc - total revenues in Q2 of 2017 were RMB20.874 billion ($3.079 billion), a 14.3% increase.Baidu Inc - qtrly ‍traffic acquisition costs as a component of cost of revenues was RMB2.478 billion ($365 million) compared to 15.9%​.Baidu Inc - ‍diluted earnings attributable to Baidu per ADS for Q2 were $1.67.Baidu Inc - ‍currently expects to generate total revenues of RMB23.130 billion ($3.412 billion) to RMB23.750 billion ($3.503 billion) for Q3 of 2017​.Baidu Inc - ‍non-GAAP diluted earnings per ADS for Q2 $2.36.  Full Article

Microsoft, Baidu partner to take development, adoption of autonomous driving worldwide
Tuesday, 18 Jul 2017 10:00am EDT 

July 18 (Reuters) - Microsoft ::Microsoft, Baidu Inc announce plans to partner to take technical development and adoption of autonomous driving worldwide.Baidu, Co also plan to explore opportunities to deliver connected vehicle solutions.  Full Article

NVIDIA, Baidu announce partnership to accelerate AI
Wednesday, 5 Jul 2017 08:00am EDT 

July 5 (Reuters) - Nvidia Corp :Nvidia, baidu announce partnership to accelerate ai.Nvidia - co, baidu announced partnership to bring artificial intelligence technology to cloud computing, self-driving vehicles and ai home assistants.Nvidia corp - baidu announced today that it has selected nvidia's drive px 2 ai supercomputer for its autonomous vehicle platform.Nvidia corp - co, baidu have also collaborated on baidu's self-driving car initiative known as apollo.Nvidia corp - baidu dueros will provide voice command capabilities to nvidia's shield tv in china market.Nvidia - to accelerate ai development, companies will work to optimize baidu's open-source paddlepaddle deep learning framework on nvidia's volta gpu architecture.  Full Article

Baidu announces pricing of $1.5 billion notes offering
Wednesday, 28 Jun 2017 04:52pm EDT 

June 28 (Reuters) - Baidu Inc :Baidu announces pricing of us$1.5 billion notes offering.Baidu inc - ‍public offering consists of us$900 million of 2.875% notes due 2022 and us$600 million of 3.625% notes due 2027​.Baidu inc - pricing of its public offering of us$1.5 billion aggregate principal amount of its notes.Baidu inc says company expects to receive net proceeds from offering of approximately us$1.49 billion.  Full Article

Baidu, Continental sign agreement to collaborate on automated driving
Thursday, 1 Jun 2017 07:01pm EDT 

June 1 (Reuters) - Baidu Inc :Says Baidu And Continental sign agreement to collaborate on automated driving.  Full Article

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

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State-owned China Unicom to raise $12 billion from Alibaba, Tencent, others

HONG KONG Telecoms group China Unicom is raising $11.7 billion from about a dozen investors including tech giants Alibaba Group and Tencent Holdings , as part of Beijing's push for state-owned enterprises to be revitalized with private capital.