The Latest Breaking News from Robin Li

Investors give cool response to pre-recorded event showing off AI chatbot’s capabilities.

Baidu Inc., one of China’s biggest search and artificial intelligence firms, says it plans to implement its artificial intelligence chatbot Ernie into its search services from March

Beijing (AFP) - Chinese internet giant Baidu reported on Tuesday third-quarter revenues of 32.5 billion yuan ($4.6 billion), representing a year-on-year increase of 2 percent.

Beijing (AFP) - Chinese internet giant Baidu Inc.on Tuesday announced second-quarter revenues of 29.6 billion yuan ($4.3 billion), down five percent from last year after the company faced a challenging economic climate and tight controls on China's once-thriving tech sector.

Baidu delivered a smaller-than-expected drop in second quarter sales despite what CEO Robin Li described as "a challenging macro environment caused by Covid-19."

As the market leader for electric vehicles, Tesla Inc (NASDAQ: TSLA) is being pursued by other electric vehicle upstarts and legacy automakers. An electric vehicle company backed by a leading search engine in China is the latest to call out its potential to one day pass Tesla.

Beijing (AFP) - Chinese e-commerce giant Alibaba said Thursday its profit fell 59 percent in the last fiscal year, joining other tech firms that reported lacklustre results while grappling with Covid-19 restrictions and a sector crackdown.

Baidu, Inc (NASDAQ:BIDU) reported first-quarter FY22 revenue growth of 1% year-on-year to $4.48 billion, beating the consensus of $4.18 billion.  Segments: Baidu's Core revenue increased 4% Y/Y to $3.37 billion; Online marketing revenue declined 4% Y/Y to $2.47 billion, and Non-online marketing revenue jumped 35% Y/Y to $903 million, driven by cloud and other AI-powered businesses.…

China's top economic official offered an unusually public show of support for digital platform companies hinting toward possible ease in the ongoing crackdown, Bloomberg reports. The latest comments may inject much-needed confidence into the capital markets. Tencent Holding Ltd (OTC:TCEHY) and Alibaba Group Holding Limited (NYSE:BABA) combined lost over $1 trillion in market value post…

China’s top political advisory body looks to host a forum next week with some of the nation’s largest private-sector firms, including Baidu, Inc (NASDAQ:BIDU), Bloomberg reports. While the conference focused on developing China’s digital economy, investors will likely watch for a possible wind-down of its year-long crackdown on the tech sector after a…