May
22
Baidu's revenues rise 3% to $4.47b in the Q1
(China Daily) Chinese tech giant Baidu Inc reported on Wednesday that its revenues reached 32.5 billion yuan ($4.47 billion) in the first quarter, up 3 percent year-on-year, with profits from its core businesses rising to 7.63 billion yuan, marking a 48 percent year-on-year increase.
Robin Li, co-founder and CEO of Baidu, said the company's revenue from core businesses grew 7 percent year-on-year during the January-March period, driven by the accelerated momentum of AI Cloud, which surged 42 percent year-on-year.
"We also achieved a pivotal milestone in our robotaxi business, as Apollo Go expanded internationally by entering Dubai and Abu Dhabi, reinforcing our commitment to bringing safe, comfortable, and affordable autonomous ride-hailing services to global markets," Li said.
Robin Li, co-founder and CEO of Baidu, said the company's revenue from core businesses grew 7 percent year-on-year during the January-March period, driven by the accelerated momentum of AI Cloud, which surged 42 percent year-on-year.
"We also achieved a pivotal milestone in our robotaxi business, as Apollo Go expanded internationally by entering Dubai and Abu Dhabi, reinforcing our commitment to bringing safe, comfortable, and affordable autonomous ride-hailing services to global markets," Li said.