K3SD Baidu Inc Sponsored ADR Class A

Baidu App Reaches 150 Million DAUs after Launching Ads-Free Search

Baidu App Reaches 150 Million DAUs after Launching Ads-Free Search

BEIJING, June 05, 2018 (GLOBE NEWSWIRE) -- Baidu, Inc. (NASDAQ:BIDU) announced today that the daily active users of the Baidu app, which offers both search and personalized news feed, reached 150 million.

“This is an important milestone for the Baidu app, which reinforces our strategy to improve the user experience with powerful AI and deep user insight to deliver personalized feeds with a wide array of topics of interest,” said Dou Shen, Baidu VP and general manager of Baidu app. “We are  delighted that the Baidu app has grown in parallel with the launch of ads-free Jiandan Search.”

“My team is honored to have our CEO Robin Li’s direct involvement in recent months, which has sped up decision making and iteration of product upgrades, as well as added growth momentum. Since Q4 2017, Robin has been providing our team with guidance and leadership and has helped us reprioritize Baidu’s news feed goals not set on user growth nor time spent, but on providing interesting and valuable information to our users,” added Shen.

“Jiandan Search embodies our latest design concepts and integrates Baidu’s cutting-edge AI technologies in natural language processing, image recognition and video,” says Haifeng Wu, Baidu VP and general manager of Baidu search. “Jiandan Search displays different results to different audiences, based on user profile, such as kids or fans of a particular celebrity. Our goal is to offer our users with more search options.”

Baidu app serves as the main channel to access Baidu’s twin engines of search and news feed and is the container that offers the most optimized Baidu experience. Jiandan Search is a recent experiment to offer an alternative search app with no ads.  

About Baidu

Baidu, Inc. is the leading Chinese language Internet search provider. Baidu aims to make a complex world simpler for users and enterprises through technology. Baidu’s ADSs trade on the NASDAQ Global Select Market under the symbol “BIDU.” Currently, ten ADSs represent one Class A ordinary share.

Media Contact

EN
05/06/2018

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Baidu Inc Sponsored ADR Class A

Jin Yoon
  • Jin Yoon

BIDU 1Q24 Preview: Ad Recovery Could Take Time

What’s New: We nudge down our 1Q24 Baidu Core top-line estimates as ad recovery could be slower than anticipated. Margins could remain stable as Baidu could continue to be prudent in its overall investments. Analysts: Jin Yoon

Julia Pan Mengyao ... (+2)
  • Julia Pan Mengyao
  • Ming San Soong

China Internet: Rewarding shareholders in 2023; emerging strategic gro...

Given the stabilising revenue growth and abundant cash on hand, mega-cap internet companies have been focusing on offering generous shareholder returns. For 2024, we expect consumption behaviour to switch to service and experience, which will continue to benefit OTA players. We believe other China internet names will outperform with overseas expansion and SFV players will continue to gain market shares with potential for take rate increases. Maintain MARKET WEIGHT.

Jin Yoon
  • Jin Yoon

BIDU 4Q23 Results: Visibility Remains Limited

What’s new: Baidu’s reported 4Q23 top-line results were largely in-line with consensus and our expectations. Near-term visibility remains limited amid uncertainties in macro. Margins could remain stable as investments in AI-related initiatives could be offset by continued business optimization. We maintain our PT at USD200. Analysts: Jin Yoon

Julia Pan Mengyao ... (+2)
  • Julia Pan Mengyao
  • Ming San Soong

Baidu Inc (9888 HK): 4Q23: Solid earnings growth; all eyes on AI-power...

Baidu’s 4Q23 results were within expectations. Revenue grew 6% yoy to Rmb35b, in line with consensus estimates. Gross margin expanded 1.4ppt yoy to 50.2%, within consensus expectations. Non-GAAP operating profit was Rmb7.1b, up 9% yoy, while non-GAAP operating profit margin came in at 20%. Non-GAAP net profit improved by 44% yoy to Rmb7.8b on one-off gains, exceeding consensus estimates by 22%. Maintain BUY with a lower target price of HK$128.00 (US$142.00).

Ceilica Su Rui ... (+11)
  • Ceilica Su Rui
  • Damon Shen
  • Greater China Research Team
  • Jieqi Liu
  • Jo Yee Ng
  • Julia Pan Mengyao
  • Ming San Soong
  • Shirley Wang Xueyi
  • Stella Guo Yuting
  • Tham Mun Hon
  • Ziv Ang Sze Champ

Greater China Daily: Thursday, February 29, 2024

KEY HIGHLIGHTS Economics 2024/25 Budget Tough Balancing Act. Sector Property Government removes all cooling measures on Hong Kong property; upgrade sector to MARKET WEIGHT. Results Baidu Inc (9888 HK/BUY/HK$106.60/Target: HK$128.00) 4Q23: Solid earnings growth; all eyes on AI-powered ads and Ernie Bot in 2024. Galaxy Entertainment Group (27 HK/BUY/HK$42.05/Target: HK$56.00) 4Q23: Market share shrank within expectations; expanding share in 2024. Sun Hung Kai Properties (16 HK/BUY/HK$78....

ResearchPool Subscriptions

Get the most out of your insights

Get in touch