Baidu, Inc. is a leading AI company with a strong internet foundation. The company provides search services, a mobile ecosystem, AI cloud solutions, intelligent driving technologies and online video services through its subsidiary iQIYI.

Revenue is generated primarily from online marketing services sold on a pay for performance basis, from AI cloud infrastructure and application fees, from iQIYI subscription and advertising revenue and from autonomous ride hailing services operated under the Apollo Go brand.

The company operates through the following segments: Baidu General Business and iQIYI.

• Baidu General Business includes the Mobile Ecosystem which offers search feed and marketing services through apps such as Baidu App and ERNIE Bot, the AI Cloud which provides infrastructure and platform services for enterprises and the public sector, and the Intelligent Driving & Other Growth Initiatives segment which comprises Apollo Go autonomous ride hailing and DuerOS smart assistant.

• iQIYI is a leading provider of online entertainment video services in China that produces original and licensed content offers membership subscriptions advertising online games and other video related services to its users.

Baidu holds a leading position in China's internet search market and is ranked among the top AI cloud providers in the country. The company competes with Alibaba Tencent ByteDance and Xiaomi for user traffic and advertising dollars while facing rivals such as Alibaba Cloud Volcano Engine Huawei and Kingsoft in the cloud space and companies like WeMoments and Pony.ai in autonomous driving.

The company serves hundreds of millions of monthly active users tens of millions of developers and hundreds of thousands of enterprise customers across sectors such as healthcare retail e commerce entertainment media and financial services.