Baidu's second-quarter financial report showed that total revenue of 33.9 billion yuan was roughly flat year-on-year. The AI Cloud business offset the weakness in online marketing revenue, bringing a small positive growth to Baidu's core revenue.

This week Hong Kong stocks will usher in a super week of earnings reports, with a number of popular tech companies such as Crypto, Xiaomi and Baidu releasing their earnings reports.

On August 12, Luobokuaipao released a statement to clarify the recent false news regarding "investment and franchising, leasing information" and so on.

Baidu closed at HKD 94.75 on Wednesday, up nearly 10%, marking its largest increase in over a year.

In Baidu's Q4 2023 earnings call, Baidu's founder, chairman, and CEO Robin Li revealed that Baidu Intelligent Cloud's total revenue for the fourth quarter was 8.4 billion yuan, with large models contributing approximately 660 million yuan in incremental revenue to the cloud business.

In Q1 2024, Baidu's core operating margins achieved double year-on-year and quarter-on-quarter growth, with its AI-first strategy driving high-quality growth.

Qu Jing, vice president of Baidu PR, recently opened an account in Tiktok and released several videos related to the workplace. In these videos, Qu Jing repeatedly revealed astonishing quotes, which caused a lot of controversy.

On April 16th, at the Create 2024 Baidu AI Developer Conference, Baidu's founder, chairman and CEO Robin Li said, "In the future, developing an app will be as easy as taking a short video, everyone can be a developer."

On February 28, Baidu Group announced its fourth quarter and full year 2023 financial results。According to the data, Baidu's total revenue in the fourth quarter was 35 billion yuan, up 6% year-on-year; net profit attributable to Baidu was 2.6 billion yuan, down 48% year-on-year, close to half.。

On January 1, Baidu announced that the company would terminate its relationship with JOYY Inc..of the share purchase and sale agreement, involving an amount of approximately RMB25.6 billion.。

AI-driven big models are driving innovation and revolution in the cloud computing industry, and the infrastructure system for big models urgently needs to be restructured to support the development of AI-native applications.。

The era of self-driving cars driven by Baidu is coming。

According to reports, in August 2023, Baidu placed an order with Huawei for 1600 Huawei Ascend 910B AI chips to replace NVIDIA chips for its 200 servers.

On August 31, Baidu announced that Wenxin Yiyan took the lead in opening up to the whole society.。Users can download "Wen Xin Yi Yan APP" in the application store or log on to "Wen Xin Yi Yan official website" to experience。

On August 14, according to Geely Holdings, its "Automotive Robot Strategic Cooperation Project" jointly built with Baidu ushered in important progress, and its new automotive robot brand "Extreme" was officially released.。On the occasion of the launch of Baidu and Geely, some media broke the "rupture" of the cooperation between Baidu and BYD.。

Reported that in order to cope with the artificial intelligence competition, a number of Chinese Internet giants are scrambling to order chips from the global chip giant Nvidia。These Internet companies have booked nearly $5 billion worth of chip orders this year and next.。

On the evening of July 20, Ctrip Group announced that Baidu's chairman and CEO Robin Li had resigned as a director of the company, effective immediately.。Following Robin Li's resignation, the board of directors of Ctrip Group consists of eight directors, including four independent directors.。

Recently, Morgan Stanley pointed out in its report that the China Development and Reform Commission has recently conducted in-depth research with relevant departments to understand the development of platform enterprises, and announced that it will further support the platform economy and the private sector, which is in line with the bank's argument that "China's Internet industry has entered a relaxed regulatory cycle after the crackdown at the end of 2020," and believes that Alibaba may be the main beneficiary of the period.。

On June 26, Baidu founder, chairman and CEO Robin Li attended the "World Internet Conference Digital Civilization Nishan Dialogue" and delivered a speech entitled "Big Model Reshapes the Digital World."。

On June 17, Baidu said that its self-driving platform Radish Fast Run has been awarded a license in Pingshan District, Shenzhen, officially opening the L4-level unmanned commercial pilot operation.。