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Baidu Announces Second Quarter 2017 Results

BEIJING, July 27, 2017 /PRNewswire/ - Baidu, Inc. (BIDU) ("Baidu" or the "Company"), the leading Chinese language Internet search provider, today announced its unaudited financial results for the second quarter ended June 30, 2017[1].

"In the second quarter, Baidu announced our new mission to make a complex world simpler through technology." said Robin Li, Baidu's Chairman and Chief Executive Officer. "To achieve our mission, we will execute on two strategic pillars: to strengthen our mobile foundation and lead in AI. We will use AI as a fundamental driver to elevate our current core business, specifically our core products of Mobile Baidu, search and feed. In parallel, we will continue to build out our newer AI-enabled initiatives through an open platform and ecosystem approach to capture long term economic opportunity."

"We made big strides in the second quarter, as we reported solid financial performance and made meaningful progress in our core business and AI-enabled initiatives," said Qi Lu, Baidu's Vice Chairman, Group President and Chief Operating Officer. "Our Mobile Baidu App and our Feed product showed strong progress, and the solid increase of our online active customer base reaffirmed Baidu's unique and compelling value proposition. At our inaugural Baidu Create AI Developer...