Baidu: Driverless Rides Everywhere in China, Apollo Go Grows by 36%!
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Baidu, Inc. (NASDAQ: BIDU) released its Q4/2024 numbers on February 18, 2025. Revenues for the period were RMB 34.12 billion (Q4/2023: RMB 34.95 billion) and diluted earnings per share were RMB 14.26 (Q4/2023: RMB 6.77). The shares of the Chinese tech giant fell by as much as 5.7% in trading following the results. AI breakthrough: Ernie and Wenku on the rise In the fourth quarter, Baidu returned a total of $356 million to shareholders, bringing the cumulative share buyback since 2024 to over $1 billion. In the AI cloud sector, the chatbot...
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