Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Technology

    Baidu reports Q2 earnings surpassing expectations

    By Fan Feifei | chinadaily.com.cn | Updated: 2021-08-13 15:26
    Share
    Share - WeChat
    An employee comes out of the Baidu headquarters in Beijing. [Photo by Fan Jiashan/For China Daily]

    Chinese internet search giant Baidu Inc reported better-than-expected second-quarter financial results on Thursday, with total revenue increasing 20 percent year-on-year to 31.4 billion yuan ($4.86 billion), yielding a non-GAAP (generally accepted accounting principles) net profit of 5.4 billion yuan.

    Baidu's core business delivered another strong quarter, with revenue growing 27 percent year-on-year to 24.0 billion yuan, boosted by the AI cloud sector posting 71 percent growth. The company continues to execute and lead on new AI business, including AI cloud, autonomous driving and smart assistant.

    "Baidu Core delivered another strong quarter, powered by the fast growth of our new AI business. AI enables businesses and local governments to do more and serve more people," said Robin Li, co-founder and CEO of Baidu.

    "We are excited about the opportunities to help different industries transform their business with AI and support our goal to become carbon-neutral by 2030," Li said.

    For the second quarter, the company's cost of revenues was 15.9 billion yuan, an increase of 21 percent compared with the same period last year, primarily due to an increase in traffic acquisition costs and cost of goods sold related to new AI business. Its research and development expenses reached 6.3 billion yuan, an increase of 30 percent year-on-year, primarily related to personnel-related expenses.

    Baidu was ranked the No 1 AI cloud provider again, according to IDC's 2020 China's public cloud market report. The Apollo L4 autonomous driving software accumulated 7.5 million test miles, up 152 percent year-over-year, with 278 autonomous driving permits received.

    When it comes to the mobile ecosystem, the company said monthly active users reached 580 million and daily logged in users hit 77 percent in June.

    For the third quarter of 2021, Baidu expects revenues to be between 30.6 and 33.5 billion yuan, representing a growth rate of 8 to 19 percent year-on-year.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    少女视频在线观看完整版中文| 国产成年无码AV片在线韩国| 制服中文字幕一区二区| 91精品久久久久久无码| 精品无码一区二区三区电影| 中文字幕无码日韩专区免费| 久久久无码人妻精品无码| 国内精品人妻无码久久久影院导航| 一区二区三区无码高清| mm1313亚洲国产精品无码试看| 国产啪亚洲国产精品无码| 玖玖资源站中文字幕在线| 欧美日韩亚洲中文字幕一区二区三区 | 国产中文字幕在线观看| 精品无码AV一区二区三区不卡| 日韩人妻无码精品专区| 精品人妻V?出轨中文字幕| 中文无码制服丝袜人妻av| 韩国中文字幕毛片| 无码人妻久久一区二区三区蜜桃| 国产午夜无码视频在线观看| 亚洲AV无码片一区二区三区| 少妇性饥渴无码A区免费 | 无码夫の前で人妻を犯す中字| 狠狠躁天天躁无码中文字幕图 | 亚洲无码视频在线| 国产精品无码久久综合网| 人禽无码视频在线观看| 亚洲AV无码欧洲AV无码网站| 精品人妻无码区二区三区| 国产成人无码区免费内射一片色欲 | 国产精品一区二区久久精品无码| 免费A级毛片无码A∨中文字幕下载| 一本大道东京热无码一区| 中文字字幕在线中文无码| 中文字幕无码无码专区| 亚洲精品无码MV在线观看| 亚洲AV无码第一区二区三区| 亚洲AV无码成人精品区在线观看 | 人妻无码精品久久亚瑟影视| 最近2019中文字幕一页二页|