Baidu 2018 Revenue Easily Surpasses Previous Year’s

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

TRENDING: Tech Brief (Sept. 24): Mercedes-Benz, ByteDance Partner on In-Car AI; Tech Brief (Sept. 22): Trump Says Murdoch Family May Be Involved in TikTok Deal; Tech Brief (Sept. 23): Nvidia Plans $100 Billion Investment in OpenAI for AI Data Centers

LATEST: Tech Brief (Sept. 24): Mercedes-Benz, ByteDance Partner on In-Car AI; Tech Brief (Sept. 23): Nvidia Plans $100 Billion Investment in OpenAI for AI Data Centers; Tech Brief (Sept. 22): Trump Says Murdoch Family May Be Involved in TikTok Deal; GPT Weekly: CoreWeave Secures $6.3 Billion Nvidia Order; Huawei Unveils Three-Year AI Chip Roadmap as Nvidia Faces Setbacks in China; Tencent Cloud Shuns Price War in Intensifying AI Race; China’s Regulator Ramps Up Push to Curb Food Delivery Subsidy War; Chinese Robot Startup Unitree Gears Up for Market Debut; China Enforces AI Content Labeling Rules to Curb Misuse; Tech Brief (Sept. 2): China Rolls Out Mandatory AI Labeling; Meituan Enters Open-Source AI Race With LongCat Model; Tech Brief (Aug. 29): SenseTime Reports Strong AI Growth; All Hail the Driverless Taxis as China Eyes a $183 Billion Market; Tech Brief (Aug. 27): Cambricon Reports $128 Million Profit, Stock More Than Doubles Since July; Tech Brief (Aug. 26): Musk’s xAI Sues Apple and OpenAI Over Alleged AI Market Monopoly; Exclusive: NetEase’s Youdao CEO Explains How AI Agents Could Build a Future of Virtual Teachers; Ant Group Teams up With Top Beijing Hospital to Launch AI Healthcare Lab; Didi and Meituan Clash in Brazil as Food Delivery Battle Goes to Court; Google Denies Rumors It Is Resuming Full Services on Chinese Mainland; China Proves a Winner in the Gaming Market as Growth Hits a Five-Year High

By Zhao Runhua / Jan 02, 2019 11:11 AM / Business & Tech

Baidu CEO Robin Li. Photo: VCG

Staff at Baidu started their first working day of 2019 with good news from founder and CEO Robin Li: the company’s total revenues for 2018 surpassed 100 billion yuan ($15 billion), far higher than the previous year’s 85 billion yuan.

The exact figure for 2018 was not made available.

In an email sent to employees this morning, Li said the new revenue record is a "milestone" in Baidu’s growth.

“On the one hand, the historical transformation of artificial intelligence is penetrating various industries, incubating massive potential for further development. On the other hand, economic growth changes and industrial restructuring are as cold and real as winter to every company. It is high time that Baidu stepped forward.”

Chart: Baidu Revenue Growth Slows, As Google China Return Looms

Share this article

Open WeChat and scan the QR code