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Baidu

Baidu: A Chinese Tech Giant's Rise Baidu, Inc, a Chinese multinational technology company founded in 2000 by Robin Li and Eric Xu, dominates China's internet search engine market with its flagship Baidu Search. Its diverse portfolio includes the Baidu App, a comprehensive platform for search and news Beyond search, Baidu has aggressively pursued artificial intelligence, becoming a global leader in autonomous driving through Baidu Apollo and smart consumer electronics via Xiaodu. Its commitment to AI spans a full-stack approach, encompassing software, chips, cloud infrastructure, and applications. Baidu's trajectory includes significant milestones: its 2007 inclusion in the NASDAQ-100 index, a peak market capitalization exceeding US$99 billion in 2018, and its 2018 entry into the Partnership on AI. The company’s recent focus is on generative AI. Baidu, headquartered in Beijing, enjoys the backing of the Chinese government as a national champion corporation, solidifying its position as a key player in the global technology landscape. Its origins trace back to RankDex, an earlier search engine developed by Li in 1996.

Baidu Overview

Image Source : Wikipedia
  • Company type Public
  • Industry Internet, Artificial intelligence, Cloud computing
  • Founded 18 January 2000
  • Founders Robin Li, Eric Xu
  • Headquarters Beijing, China
  • Area served Worldwide
  • Key people Robin Li (CEO)
  • Revenue CN¥134.6 billion (2023)
  • Net income CN¥20.32 billion (2023)
  • Number of employees 39,800 (2023)
  • Website www.ir.baidu.com

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Baidu history

Last Updated : 25/03/25, 04:37 AM
Baidu: From Search Engine to AI Pioneer Baidu, co-founded by Robin Li and Eric Xu in 2000, emerged as China's leading search engine, initially leveraging Li's patented RankDex algorithm, which predated Google's PageRank. Its early innovation included a click-based advertising model, preceding Google's approach. Expansion into news and image search followed in 2003, showcasing Baidu's technological prowess. The company's 2005 Wall Street IPO marked a significant milestone. A 2007 license from Beijing allowed Baidu to function as a full-fledged news provider, a first for a Chinese search engine. International expansion, including a Japanese service (later discontinued), and strategic partnerships with companies like Sina and Qualcomm, further solidified Baidu's position. Key appointments, such as Dr. Andrew Ng as chief scientist in 2014, underscored its commitment to AI. Baidu's ambitious Apollo project, launched in 2017, focuses on autonomous driving technology, with substantial investments and collaborations with automotive giants like Continental and Bosch. The company also ventured into diverse areas, including a mobile personal assistant app and a portable translator. Despite facing challenges such as a 2010 cyberattack and bribery allegations, Baidu continued its growth trajectory. A secondary listing on the Hong Kong Stock Exchange in 2021 raised $3.1 billion. Recent developments include the unveiling of Robocar concepts featuring advanced AI capabilities and the launch of Ernie Bot, its ChatGPT competitor. As of April 2024, Baidu's Apollo Go driverless ride-hailing service has completed millions of rides across multiple Chinese cities. The company's continued focus on AI and autonomous driving positions it for future growth in the rapidly evolving technological landscape.
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