Baidu tipped to roll credits on iQIYI stake
Chinese internet giant Baidu reportedly entered talks on selling a majority stake in iQIYI, a deal which could value the video streaming platform at about $7 billion and help fund the company’s development of emerging technologies.
Baidu, iQIYI fight for US listing future
Search giant Baidu and video streaming platform iQIYI were among five companies the US Securities and Exchange Commission (SEC) added to an expanding list of mostly Chinese companies which may be delisted from US stock markets.
Baidu cuts revenue forecast on Covid-19 uncertainty
Chinese internet giant Baidu lowered its full-year 2021 revenue growth forecast from the 8 per cent to 19 per cent previously predicted to a range between 2 per cent and 12 per cent, citing limited business visibility caused by the evolving…
Baidu looks to AI cloud unit for growth
Chinese internet giant Baidu used its Q2 earnings call to forecast strong demand for AI cloud services to help drive 8 per cent to 19 per cent year-on-year revenue growth in the current quarter and core advertising sales to increase…
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