BBX Logo Beta

--

[Baidu: No Plans for Additional Issuance or Placement] According to a report by Jinse Finance, on August 23, a Baidu representative responded to a reporter from the 'Sci-Tech Innovation Board Daily,' stating that Baidu has no plans for additional issuance or placement. Existing funds and operating cash flow are sufficient to support the development of established business operations. Based on the latest financial report, as of the end of the second quarter, Baidu's total cash and investments reached 283.1 billion yuan, with positive operating cash flow for four consecutive quarters. Meanwhile, Baidu's AI cloud infrastructure revenue grew 50% year-on-year, GPU cloud revenue increased 283% year-on-year, and AI business revenue accounted for 50% of general business revenue.

Loading...