Baidu is a Chinese technology company with increasing involvement in the space industry, primarily through its artificial intelligence (AI) capabilities. Baidu is developing AI models for aerospace, including analyzing data, diagnosing equipment failures, and improving scientific research efficiency. Baidu also operates Baidu Maps, a mapping service that utilizes satellite imagery and the BeiDou Navigation Satellite System (BDS). The company partners with organizations like China Aerospace and promotes the use of AI in deep space exploration and related applications.
All verified mentions of this organization in source documents.
Baidu leads in intelligent recommendations with 540 granted patents and 1,414 patent applications as of October 2020.
Net income attributable to Baidu for the quarter ended 2020-09-30 was RMB 13.7 billion ($2,020,000,000).
Net income attributable to Baidu Core for the quarter ended 2020-09-30 was RMB 14.4 billion ($2,120,000,000).
Baidu reached a deal to acquire JOYY’s live streaming business in China for $3,600,000,000.
Baidu’s fourth-quarter 2020 outlook assumes that Baidu Core revenue will grow between -1% and 10% year over year.
For the fourth quarter of 2020, Baidu expects revenues to be between RMB 28.6 billion ($4,200,000,000) and RMB 31.3 billion ($4,600,000,000), representing a year-over-year growth rate of -1% to 8%.
Baidu Core generated non-online marketing revenue of RMB 2.9 billion ($434,000,000) in the quarter ended 2020-09-30, an increase of 14% year over year primarily driven by the growth of cloud services.
Baidu reported revenue of RMB 28.23 billion ($4,160,000,000) in the quarter ended 2020-09-30.
Baidu Core generated online marketing revenue of RMB 18.4 billion ($2,720,000,000) in the quarter ended 2020-09-30.
Diluted earnings per ADS for Baidu in the quarter ended 2020-09-30 was RMB 39.79 ($5.86).
In 2019 Baidu partnered with FAW Group to jointly develop the Hongqi EV robotaxi as the first pre-installed and mass-produced robotaxi in China.
Baidu’s Smart Living Group entered into definitive agreements with CPE, Baidu Capital, and IDG Capital for Series A financing at a post-money valuation of approximately RMB 20 billion (about $2,900,000,000).
iSpace previously raised over $100,000,000 in Series A funding with participation from Matrix Partners China, CDH Investments, and Baidu.
iSpace received over $100,000,000 in Series A funding from Matrix Partners China, CDH Investments, Baidu, and others prior to securing A++ series funding.
Robin Li, co-founder of Baidu, holds a stake in Baidu worth more than $10,000,000,000.