Baidu Inc (BIDU.O)
16 Feb 2018
SHANGHAI/BEIJING Chinese internet search firm Baidu Inc posted a forecast-beating quarterly revenue increase and unveiled a U.S. listing plan for its Netflix-like video platform iQiyi as it looks to rev up new drivers for growth.
* Revenues at 23.6 bln yuan vs 23.05 bln yuan forecast of analysts
HONG KONG (Reuters Breakingviews) - Baidu is following the right script with a video spinoff. On Tuesday, the $78 billion Chinese search engine operator confirmed it plans to list the Netflix-like iQiyi, which could be worth $8 billion or more. Outside investment will help as the unit burns cash on shows and battles rivals for viewers. Lessening the financial burden on Baidu also means more time to deliver on its bets in artificial intelligence.
* BAIDU ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 2017 RESULTS
Feb 13 China's Baidu Inc reported a 29.3 percent jump in quarterly revenue on Tuesday, helped by strong performance in its core search engine business.
* ICLICK INTERACTIVE ASIA-RECEIVED ADVERTISING AGENCY AUTHORIZATION CERTIFICATE FROM BAIDU INC FOR NATIVE ADVERTISEMENTS OF NEWS FEED ADVERTISING IN 2018 Source text for Eikon: Further company coverage:
BEIJING/SHANGHAI A Chinese content regulator has rapped major tech companies, including Alibaba Holding Ltd, Tencent Holdings Ltd and Baidu Inc, for not doing enough to root out "harmful information" published on their platforms.
Andrew Ng, who formerly led artificial intelligence projects at Alphabet Inc's Google and Chinese firm Baidu Inc, has raised a $175 million fund to invest in AI startups, starting with one of his own aimed at computers detecting defects in products.
Jan 30 Andrew Ng, who formerly led artificial intelligence projects at Alphabet Inc's Google and Chinese firm Baidu Inc, has raised a $175 million fund to invest in AI startups, starting with one of his own aimed at computers detecting defects in products.
HONG KONG Chinese search engine Baidu Inc is seeking new investors for its wholly-owned finance unit, in a deal that could fetch up to $2 billion and deepen its push into financial services, people with knowledge of the matter said.