Detail akcie Baidu.com Depository Receipt online

Business Summary: Baidu Inc is a Chinese language Internet search provider. The Company offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. The Company operates through two segments, Baidu Core segment and iQIYI segment. Baidu Core mainly provides search-based, feed-based, and other online marketing services, as well as products and services from the Company’s new artificial intelligence (AI) initiatives. Within Baidu Core, the Company’s product and services offerings are categorized as Mobile Ecosystem, Baidu AI Cloud and Intelligent Driving & Other Growth Initiatives. iQIYI is an online entertainment service provider that offers original, professionally produced and partner-generated content on its platform.
Financial Summary: BRIEF: For the six months ended 30 June 2024, Baidu Inc (ADR) revenues increased less than 1% to RMB65.44B. Net income decreased 1% to RMB10.94B. Revenues reflect Baidu Core segment increase of 2% to RMB50.49B, also reflect iQiyi segment decrease of 5% to RMB15.37B. Net income was partially offset by iQiyi segment income decrease of 12% to RMB1.29B, Intersegment eliminations loss totaling RMB5M vs. income of RMB62M.