By Tang Guhan
China’s internet giant, Baidu Inc. unveiled its second-quarter financial report on Wednesday.
The total operating revenue of Baidu amounted to RMB 26 billion for the second quarter, up by 32 percent. While the net profits, under the accounting rules of the US were up by 45 percent to RMB 6.4 billion (around USD 967 million).
Baidu’s commercialization of its AI technologies have gone well, which have led to an increase in its total revenues, said Li Yanhong, the CEO of Baidu.
The R&D investment of Baidu amounted to RMB 3.3 billion, an increase of 24 percent in the second quarter, according to the report. The figure was RMB 13.5 billlion for the past year, representing 14.4 percent of the total revenue amount during that period.
Leveraged by Baidu Brain based on AI technologies, the Baidu Input Method’s phonetic entry method, for instance, has surged by 150 percent in June.
The unmanned driving electric vehicle named, the Apolong (L4 automation), has been put into mass production as well.
The mobile terminal business of Baidu has contributed 77 percent to its total revenue in the second quarter, up by 72 percent when compared with the previous year.
The active users of Baidu had reached 148 million in June, an increase of 17 percent year-on-year.
Baidu this July also rolled out its new intelligent program which could be embodied into the Baidu apps to allow smart interactions between machines and human, by leveraging a natural language processing system, a knowledge attainment graph and other AI technologies.
