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Baidu Inc (BIDU.P)


25 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Baidu Inc's iQiyi to seek at least $8 bln value in IPO - Bloomberg
Monday, 25 Sep 2017 10:39pm EDT 

Sept 25 (Reuters) - :Baidu Inc'siQiyi is targeting IPO as soon as 2018 that could value the streaming video service at more than $8 billion - Bloomberg, citing sources.Baidu Inc'siQiyi is about to kick off negotiations with banks, deal arrangers and is shooting for a valuation of as much as $10 billion - Bloomberg.  Full Article

Nvidia says launching new Nvidia TensorRT 3 AI inference software
Monday, 25 Sep 2017 10:12pm EDT 

Sept 25 (Reuters) - Nvidia Corp :Co's unified architecture, deep neural networks can be trained on Nvidia DGX in data center, deployed in devices like robots, autonomous vehicles.Launching new nvidia tensorRT 3 AI inference software; Alibaba, Baidu, Tencent, JD.com, Hikvision adopt Nvidia tensorRT.  Full Article

Baidu reports hybrid cloud platform to accelerate enterprise deployment of AI​
Wednesday, 20 Sep 2017 09:00am EDT 

Sept 20 (Reuters) - Baidu Inc ::Baidu Inc - Baidu cloud announces hybrid cloud platform to accelerate enterprise deployment of ai​.  Full Article

Seagate, Baidu sign strategic cooperation agreement
Monday, 18 Sep 2017 04:00am EDT 

Sept 18 (Reuters) - Seagate Technology Plc :Seagate and Baidu sign strategic cooperation agreement for big data analysis and advanced storage implementation.Pact renews an existing agreement between two firms signed in September 2014.  Full Article

Advanced Micro Devices, Baidu enters into collaboration
Monday, 28 Aug 2017 09:00am EDT 

Aug 28 (Reuters) - Advanced Micro Devices Inc :Advanced Micro Devices Inc - ‍AMD and Baidu announced a collaboration focused on optimizing software for amd radeon instinct gpus in baidu datacenters​.  Full Article

Baidu announces disposal of its food delivery subsidiary
Thursday, 24 Aug 2017 06:10am EDT 

Aug 24 (Reuters) - Baidu Inc :Baidu announces disposal of its food delivery subsidiary.Baidu Inc - Xiaodu Life Technology Ltd has completed its merger with Rajax Merger Sub Limited.Baidu Inc - ‍Baidu and Rajax have also agreed to a business cooperation across a broad base of products and services following completion of merger​.  Full Article

Baidu is selling takeout delivery business to Ele.me - WSJ
Monday, 21 Aug 2017 09:45am EDT 

Aug 21 (Reuters) - :Baidu is selling takeout delivery business to Alibaba-backed Ele.me - WSJ, citing sources.  Full Article

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


China's iQiyi considers U.S. listing as early as 2018: source

HONG KONG/BEIJING Baidu Inc's video streaming service iQiyi, a Chinese-style Netflix , is eyeing a potential initial public offering in the United States as early as next year, a person with direct knowledge of the plans said on Tuesday. The listing could value the company at between $8 billion and $10 billion, Bloomberg reported earlier, citing two people familiar with the matter.