Baidu said on Tuesday it has bought JOYY's China live-streaming business for about $2.1 billion, reviving a deal that fell through a year ago, as the search giant doubles down on the fast-growing digital video market.

The Hong Kong shares of Baidu plunged on Monday, wiping $2.4 billion off its market value, after the founder of the Chinese search engine giant was not spotted at a rare meeting between President Xi Jinping and corporate leaders.

A recent summit for private entrepreneurs in Beijing, attended by tech leaders including Alibaba founder Jack Ma and Huawei founder Zhengfei Ren, has drawn attention to the notable absence of Baidu founder Robin Li.

"One thing we learned from DeepSeek is that open-sourcing the best models can greatly help adoption," said Baidu's Robin Li.

Shares of Baidu fell sharply, losing $2.4 billion in market value, after founder Robin Li was absent from a key meeting with China's President Xi Jinping. This absence, amid strategic shifts towards AI integration,

Chinese internet search giant Baidu will make its advanced AI chatbot services free, as competition heats up among global developers following the surging popularity of startup DeepSeek’s models.

Rivals are still digesting the implications of R1, which was built with less-powerful Nvidia chips but is competitive with those developed at the costs of hundreds of billions of dollars by U.S. tech giants.

BEIJING (Reuters) -Chinese search engine giant Baidu said on Friday it would make its next-generation artificial intelligence model Ernie open-source from June 30, a major shift in strategy as ...

Baidu Inc. (BIDU) on Tuesday reported fourth-quarter net income of $711 million. The Beijing-based company said it had profit of $1.95 per share.

Xi hosted a symposium in Beijing with the country's top tycoons, including Alibaba founder Jack Ma and Huawei's Ren Zhengfei, although two sources told Reuters there was no sign of Baidu's founder ...

Baidu did not respond to a request for comment ... for China's technology sector after years of regulatory controls as Beijing seeks to boost economic growth and navigate increasingly uncertain ...