Generated with sparks and insights from 61 sources

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Introduction

  • Baidu, Inc. is a Chinese multinational technology company specializing in Internet-related services and products.

  • Founded in January 2000 by Robin Li and Eric Xu, Baidu is headquartered in Beijing's Haidian District.

  • Baidu operates the largest Chinese-language search engine and offers a wide range of other services including Baidu Baike (an online encyclopedia), iQIYI (a video streaming service), and Baidu Tieba (a keyword-based discussion forum).

  • Baidu's search engine is the most popular in China, with a massive database of Chinese web pages.

  • The company is also heavily involved in artificial intelligence (AI) and cloud computing.

  • Baidu is publicly traded on the Nasdaq under the ticker symbol BIDU and on the Hong Kong Stock Exchange under the ticker symbol 9888.

  • Baidu's revenue for 2023 was CN¥134.6 billion, with a net income of CN¥20.32 billion.

  • The company employs approximately 39,800 people as of 2023.

History [1]

  • Founding: Baidu was founded on January 18, 2000, by Robin Li and Eric Xu.

  • Early Development: Robin Li developed the RankDex site-scoring algorithm in 1996, which was a precursor to Baidu's search engine.

  • IPO: Baidu went public on August 5, 2005, through a variable interest entity based in the Cayman Islands.

  • NASDAQ-100: In December 2007, Baidu became the first Chinese company to be included in the NASDAQ-100 index.

  • Partnerships: Baidu has partnered with companies like Sina, Qualcomm, and Snap Inc. for various technological and business ventures.

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Key Services [1]

  • Baidu Search: The largest Chinese-language search engine.

  • Baidu Baike: An online encyclopedia similar to Wikipedia.

  • iQIYI: A popular video streaming service.

  • Baidu Tieba: A keyword-based discussion forum.

  • Baidu Maps: A mapping service similar to Google Maps, covering the Greater China region.

  • Baidu Wangpan: A cloud storage service offering 2 TB of free data storage.

  • Baidu Translate: An online translation service supporting 200 languages.

  • Baidu News: Provides links to local, national, and international news.

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Financial Information [1]

  • Revenue: CN¥134.6 billion in 2023.

  • Operating Income: CN¥21.86 billion in 2023.

  • Net Income: CN¥20.32 billion in 2023.

  • Total Assets: CN¥406.8 billion in 2023.

  • Total Equity: CN¥243.6 billion in 2023.

  • Market Cap: As of May 2018, Baidu's market cap was US$99 billion.

  • Stock Listings: Baidu is traded on Nasdaq under BIDU and on the Hong Kong Stock Exchange under 9888.

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Global Business [1]

  • Baidu GBU: Responsible for international products and services.

  • Products: Includes keyboard apps Simeji and Facemoji Keyboard, content recommendation platform popIn, and augmented reality network OmniAR.

  • Partnerships: Partnered with Snap Inc. to act as the official ad reseller for Snapchat in Greater China, South Korea, Japan, and Singapore.

  • Divestment: In 2018, Baidu divested its Global DU business, which now operates independently as DO Global.

  • International Ventures: Launched a Brazilian version of the search engine, Baidu Busca, in 2014.

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Controversies [1]

  • Domain Hijacking: In January 2010, Baidu's DNS records were altered, redirecting users to a site claiming to be the Iranian Cyber Army.

  • Bribery Scandal: In August 2012, three Baidu employees were arrested for accepting bribes to delete forum posts.

  • Register.com Lawsuit: Baidu sued Register.com for gross negligence after a domain hijacking incident.

  • Advertising Criticism: Baidu has faced criticism for its pay-for-placement advertising model, which can lead to biased search results.

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Technological Innovations [1]

  • RankDex Algorithm: Developed by Robin Li in 1996, it was a precursor to Baidu's search engine.

  • Apollo Project: Launched in 2017, it is a self-driving vehicle platform.

  • AI Integration: Baidu has increasingly focused on generative AI products during the 2020s.

  • Ernie Bot: Baidu's ChatGPT-equivalent language model, unveiled in August 2023.

  • Robocar: In August 2021, Baidu revealed a new Robocar concept capable of Level 5 autonomous driving.

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