Baidu revenue exceeds 100b yuan for the firs time, cloud service as pivot support

January 2,2019/IDCNOVA news:Robin Li,founder and CEO of Chinese tech giant Baidu,affirmed that its revenue in 2018 had exceeded 100 billion yuan in an internal letter.Li addressed that,“so long as we insist on the ambition to change the world for better and the“user first”principle,focus on our goal and hold integrity firmly,the value of Baidu will be recognized by more and more users and customers.”

Baidu became famed and popular for its search engine to won the first buck of gold.Although the search engine was regarded as out of date,but according to the data,search engine’s revenue increased at a 2-digit rise.In addition,the information flow and AI has accounted for nearly 20%of Baidu’s core earnings.


Moreover,Baidu Cloud service has become the important pivot to support its medium-term strategy.Accordingly,Baidu restructured its organization chart to upgrade its Artificial Intelligent Cloud Unit(ACU)to Artificial Intelligent Cloud Group(ACG)and bear both the developments of AI to B and Cloud service.

So far,the users amount of Baidu Cloud service has increased triple,partners triple and revenue 4 times as well as user traffic flow 5 times.At present,Baidu Cloud has been applied and implemented in many industries including steel,finance,logistics,energy,media and so on.

Compiled by China IDCNOVA, retransmission prohibited without authorization. 

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