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Baidu's chief scientist, who led firm's AI push, to resign

Baidu's chief scientist, who led firm's AI push, to resign

Baidu Inc chief scientist Andrew Ng said on Wednesday he will resign from the Chinese search engine company after three years of leading its drive into artificial intelligence (AI) and augmented reality (AR) projects.

Baidu leads investment into green car start-up NextEV

Baidu leads investment into green car start-up NextEV

Baidu Inc said on Friday it had led an investment round into green car start-up NextEV, as the Chinese search engine giant looks for new growth drivers and as competition heats up in the fast-growing electric vehicles market.

China's Baidu sets up $3 billion internet investment fund

China`s Baidu Inc said on Wednesday it has established a 20 billion yuan ($3 billion) investment fund, Baidu Capital, focusing on mid- and late-stage deals in the internet sector.

China's Tencent seeks additional loan worth $2 billion

China`s Tencent Holdings Ltd is seeking a loan of up to $2 billion, part of a flurry of fund-raising by the country`s Internet giants, two people involved in the financing told Thomson Reuters LPC, a loan-focused news service.

China's Baidu to buy back $1 billion shares after investor selldown

China's Baidu to buy back $1 billion shares after investor selldown

Baidu Inc, China`s biggest internet search engine company, said on Thursday it will buy back shares worth $1 billion after the company`s stock price slid following a weak earnings report earlier this week.

Baidu to invest $3.2 bn in online-to-offline services within three years

Baidu to invest $3.2 bn in online-to-offline services within three years

China`s dominant Internet search engine Baidu Inc said on Tuesday it would invest 20 billion yuan ($3.22 billion) over the next three years on online-to-offline services, including group-buying service Nuomi.

China's Baidu posts Q3 revenue below analysts' targets

Baidu Inc posted a less-than-expected 52 percent surge in third-quarter revenue, even as mobile traffic for China`s dominant Internet search engine continued to grow.

China's tech boom triggers gold rush for Asia's private bankers

While Alibaba`s U.S. listing may become the biggest tech IPO in history, it is also just one of more than 120 Chinese tech listings over the past three years.

China's Baidu Q4 revenue tops forecast, shares jump after hours

Chinese Internet company Baidu Inc finished 2013 with its fastest revenue growth in more than a year and forecast revenue for the first quarter that beat Wall Street targets thanks to strength in its mobile business.

China upstart Qihoo 360 in talks to buy Sohu's search engine

Qihoo, a USD 7 billion U.S.-listed company, broke onto the scene last year and has rapidly eaten away at industry leader Baidu Inc's dominance to become the country's No.2 search engine firm with a 15 percent share.

Google axes music download service in China

In its Chinese-language company blog, the US-based search giant admitted that the music website's impact had been "less than expected".