Posted inPosts

Baidu sets up a blockchain subsidiary Dulian in Hainan

Chinese search engine giant Baidu registered a blockchain company Wednesday in China’s Hainan province. The company is mainly set to develop blockchain technology and online games. The company is named Dulian Internet Technology, according to China’s National Enterprise Credit Information Publicity System, and Xiang Hailong, Baidu’s vice president, is Dulian’s legal representative. Baidu first started […]

Posted inPosts

Regulators summon fintech firms

Four Chinese government agencies including the country’s central bank and top securities regulator on Thursday summoned the fintech branches of 13 Chinese tech companies including Tencent, Baidu, Bytedance, and Didi Chuxing. The firms were told to take actions to prevent monopolies and the “disorderly expansion of capital.” (Xinhua, in Chinese)

Posted inPosts

After Alibaba, Baidu leaps into quantum computing

Baidu announced today that it will launch its own institute for quantum computing dedicated to the application of quantum computing software and information technology. The Baidu Quantum Computing Institute will be headed by Professor Duan Runyao, director of the Centre for Quantum Software and Information at the University of Technology Sydney (UTS). Professor Duan said […]

Posted inPosts

Founder of autonomous car startup JingChi steps down amid Baidu suit

Wang Jing, founder and CEO of JingChi, has left his position in the company. JingChi defines itself as a mobility company powered by artificial intelligence. The company is currently being sued by Baidu for RMB 50 million over claims of autonomous driving trade secret theft. Baidu claims that Wang is using Baidu’s self-driving commercial secrets to compete against […]

Posted inPosts

Baidu launches own blockchain open platform

Baidu, China’s search engine giant, launched today its own BaaS (Blockchain as a Service) open platform. According to the Baidu BaaS website, the platform was built based on its self-developed project and has been successfully implemented in businesses related to asset securitization and exchange. “Based on the core technology, the platform can help make and […]