Robin Li | Pixr8 News

2Aug By Gauri SinghNo Comments

CHINA

China’s Baidu Saw a Growth in Q2 Revenue with AI Boost

Baidu, the largest online search engine in China announced the reports of its total revenue and claimed that it hit 26.0 billion yuan ($3.93 billion), a rise of 32 percent year-on-year in the second quarter of this year. Around 77 percent of the total net revenues arrived from the mobile revenue which was 72 percent for the same period last year. "We had another strong quarter in Q2 with search exhibiting robust revenue growth driven by artificial intelligence-powered monetization capabilities and Baidu feed continuing strong traffic and monetization momentum," said Robin Li, chairman and CEO of Baidu. The net income received by Baidu was 6.4 billion yuan, risen by 45 percent year-on-year in the second quarter. The online marketing revenues were 21.1 billion yuan, which saw a 25 perce...

5Jul By Gauri SinghNo Comments

CHINA

China’s Baidu To Launch Autonomous Bus Service Apolong

Chinese technology giant, Baidu announced on Wednesday that the company has started with the massive production of Apolong, China’s very first autonomous mini-buses and will be launched very soon. The bus will seat 14 people in total and will carry passengers from tourist areas, parks, industrial campuses, airports and other locations. The Apolong is a level four autonomous vehicle, which means that the vehicle can work in enclosed places safely without any human interaction. "2018 marks the first year of commercialisation for autonomous driving. From the mass production of Apolong, we can truly see that autonomous driving is making great strides -- taking the industry from zero to one," said Robin Li, CEO of Baidu. The Apolong will be about one-third of the size of a normal bus and w...

19May By Gauri SinghNo Comments

CHINA

COO Qi Lu walks away from Baidu

China’s top search engine Baidu stated that it’s former Microsoft executive Qi Lu will abdicate from his position and will no longer work for the same after July 2018. Talking about Baidu, it is a famous search engine based in China which is also known as the China's Google. They have rich experience in Chinese language searching and shares 80% of China search engine market. In a social media posting, Lu proclaimed that he joined the company in late 2016 and is now leaving the role in July due to some personal and family reasons. It’s been said that he is planning to spend more time with his family in the US. In this context, he stated, “For my next steps, I plan to work in research and investment areas, to help advance our shared mission to make a complex world simpler through te...

30Apr By Lavina TolaniNo Comments

CHINA

China’s Baidu to sell majority of financial services unit for $1.9 bn

China's search engine major, Baidu Inc has raised more than $1.9 billion for its maiden spun off financial service division from TPG Capital Management LP and Carlyle Group LP as it seeks funding to take on established fintech firms in China. The deal has come in the wake of a scenario where China's government is tightening regulations on the loans market to rein in shadow banking and push banks to cut bad debt. The investment will give Baidu a much-needed push to narrow down the leads that its contenders Tencent Holdings Ltd and Alibaba Group Holding Ltd. have grabbed in the financial landscape and will also help it expand beyond its core internet search business. Robin Li, Baidu Chief Executive Officer said, I feel proud to see the financial unit has graduated. This i...

5 Most Successful Entrepreneurial Stories: From Rags to Riches

3Apr By Lavina TolaniNo Comments

INSPIRATIONAL

5 Most Successful Entrepreneurial Stories: From Rags to Riches

"Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of all, love of what you are doing or learning to do." Entrepreneurship is surely not an easy task and comes with its own set of challenges and hardships, yet time and again successful entrepreneurs from around the world proved that winners never quit and quitters never win. At the end of the day, it depends on how far you are ready to go even the direst of circumstances. To help you kick off "work blues" and inspire you with some entrepreneurial greatness, we have come up with the most inspirational business success stories that emerged in the wake of personal struggles, diligent leaders, hard-won circumstances and paved the way for enlightening inspiration for the coming generations. &nbs...