JD.com and Baidu have jointly invested $400 million in elevator advertising firm Xinchao Media Group as returning investors.
Baidu still gets most of its revenue from advertising, but cloud services are driving growth and its plays on AI could pay off in a few years.
In this earnings episode, the guys welcome back Michael Norris to discuss September quarter earnings for Baidu, Tencent, and Alibaba. They also answer some listener questions towards the end about which company will benefit the most from opening walled gardens as China ramps up antitrust regulations.
In this episode, James, Elliott, and Michael Norris discuss the quarterly earnings of Baidu, Tencent, and JD, while also answering questions from listeners.
Jidu Auto, an electric vehicle venture launched by tech giant Baidu and automaker Geely, has hired former Nio and Ford executive Izzy Zhu (Zhu Jiang in Chinese) to lead the company’s user development and community efforts, a key pillar of its retail and marketing strategies. Zhu joins Jidu following a one-year stint as chief operating officer for Ford China’s EV unit, overseeing sales and marketing of the Chinese-made version of its popular Mustang Mach-E vehicles. Before that, he ran social media and digital marketing as a vice president for Nio for three years until March, 2020. [Jiemian, in Chinese]
More global crypto exchanges to cut ties with mainland Chinese customers. Baidu registered a new blockchain software platform.
China issued fines to companies including Alibaba, Tencent, and Didi Chuxing, who were involved in 10 investment deals that violated antitrust laws.
China’s leading search engine Baidu is rushing to lead the race in popularizing driver-assistance features on consumer cars.
While Chinese companies won’t be the first to deliver road-ready lidar systems, they could be the first to do it at a practical price.
Big auto and big tech announced EVs at Auto Shanghai 2021, putting pressure on young EV upstarts.