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Baidu Inc (BIDU.O)

BIDU.O on Nasdaq

231.08USD
14 Dec 2017
Change (% chg)

$-2.16 (-0.93%)
Prev Close
$233.24
Open
$233.06
Day's High
$233.15
Day's Low
$227.81
Volume
1,572,340
Avg. Vol
2,631,540
52-wk High
$274.97
52-wk Low
$162.02

Latest Key Developments (Source: Significant Developments)

Ford Outlines Next Phase Of Its China Expansion Strategy​
Tuesday, 5 Dec 2017 07:30am EST 

Dec 5 (Reuters) - Ford Motor Co ::INTRODUCING MORE THAN 50 NEW VEHICLES IN CHINA BY 2025.PLANS TO LOCALLY ASSEMBLE FIVE MORE VEHICLES IN CHINA FOR CHINESE CUSTOMERS STARTING IN 2019.ALL NEW VEHICLES IN CHINA TO BE INTERNET-CONNECTED BY END 2019.FORD CONTINUES WORKING WITH BAIDU ON AUTONOMOUS VEHICLE DEVELOPMENT."TO ENABLE FUTURE GROWTH IN CHINA", CO TO CONTAIN STRUCTURAL COST IN REGION THROUGHOUT 2018.CO PLANS TO GROW ITS CHINA REVENUE BY 50 PERCENT BY 2025 VERSUS 2017.STRENGTHENING TIES WITH JV PARTNERS CHANGAN AND JIANGLING IN 2018 & ESTABLISHING A DISTRIBUTION SERVICES DIVISION.PLANS TO LOCALLY ASSEMBLE FIVE MORE VEHICLES IN CHINA STARTING IN 2019 INCLUDE A LINCOLN PREMIUM SUV, CO'S FIRST GLOBAL ALL-ELECTRIC SMALL SUV.  Full Article

Philips Lighting partners with Baidu in China‍​
Thursday, 16 Nov 2017 07:04am EST 

Nov 16 (Reuters) - PHILIPS LIGHTING NV ::PHILIPS LIGHTING PARTNERS WITH BAIDU TO BRING CONNECTED LIGHTING TO SMART HOMES IN CHINA‍​.  Full Article

Baidu unveils Raven series AI-powered hardware
Wednesday, 15 Nov 2017 11:41pm EST 

Nov 15 (Reuters) - Baidu Inc -:BAIDU UNVEILS RAVEN SERIES AI-POWERED HARDWARE AT 2017 BAIDU WORLD.NEW RAVEN SERIES WITH 3 AI-POWERED HARDWARE PRODUCTS THAT CAN "HEAR, UNDERSTAND AND FULFILL" CONSUMER NEEDS USING BAIDU'S TECHNOLOGIES​.BAIDU - ‍SMART SPEAKER RAVEN H WILL BE AVAILABLE FOR PURCHASE NEXT MONTH PRICED AT RMB 1,699 ($256)​.  Full Article

Tony Yip steps down as director of Ctrip.com International
Thursday, 2 Nov 2017 09:26am EDT 

Nov 2 (Reuters) - Baidu Inc :Tony Yip, director nominated by Baidu Inc has tendered his resignation as director of the company, effective October 25, 2017‍​.Herman Cheng-Chun Yu has been appointed by Baidu Inc as successor director of Ctrip following Yip's resignation.  Full Article

Baidu 3rd-qtr profit more than doubles
Thursday, 26 Oct 2017 04:30pm EDT 

Oct 26 (Reuters) - Baidu Inc :Baidu announces third quarter 2017 results.Baidu Inc - total revenues of rmb 23.5 billion ($3.53 billion) for q3 of 2017, representing a 29% increase from corresponding period in 2016​.Baidu Inc - ‍non-gaap diluted earnings per ads for q3 of 2017 amounted to $3.89​.Baidu Inc - qtrly ‍traffic acquisition costs as a component of cost of revenues was rmb 2.5 billion ($372 million), representing 10.5% of total revenues​.Baidu Inc - ‍online marketing revenues for q3 of 2017 were rmb 20.1 billion ($3.02 billion), representing a 22% increase from corresponding period in 2016​.Baidu Inc qtrly ‍diluted earnings per ads $3.62​.Baidu Inc - ‍currently expects to generate total revenues in Q4 between rmb 22.23 billion ($3.34 billion) to rmb 23.41 billion ($3.52 billion)​.  Full Article

Baidu signs strategic partnership agreements with Baic Group and King Long
Thursday, 19 Oct 2017 08:58pm EDT 

Oct 19 (Reuters) - Baidu Inc ::Baidu signs strategic partnership agreements with Baic Group and King Long to accelerate autonomous driving.Baidu Inc - ‍Baidu and Baic Group to mass produce level 4 autonomous vehicles by 2021​.Baidu Inc - ‍Baidu and King Long to advance mass production of autonomous buses by 2018​.  Full Article

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

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Alibaba's jumbo bond deal sets sector benchmark in Asia

HONG KONG Alibaba Group Holding Ltd's newly minted bonds rallied on Thursday after the Chinese internet firm's $7 billion multi-tranche sale attracted a blow-out response and set a precedent for rival companies to follow, analysts said.