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.

The Beijing-based internet company said Tuesday that fourth-quarter revenue fell 2.4%, better than analysts’ estimates.

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,

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.

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.

Search engine giant Baidu beat quarterly revenue estimates on Tuesday, indicating some recovery in the Chinese advertising market. Baidu has offset losses through its AI Cloud segment's growth, and in a strategic shift amid intensifying competition,

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.

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 ...

BEIJING, Feb 13 (Reuters) - Chinese search engine leader Baidu (9888.HK), opens new tab said on Thursday it would make its artificial intelligence chatbot Ernie Bot free starting April 1 ...

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 ...