Friday, February 7

Tag: BIDU

Baidu Terminates $3.6B Deal to Buy JOYY’s China Live-Streaming Business
2Jan By adminNo Comments
Technology

Baidu Terminates $3.6B Deal to Buy JOYY’s China Live-Streaming Business

Baidu has called off a $3.6 billion deal to buy JOYY’s video-based entertainment live-streaming business in China.As of the end of December, the closing conditions for the share purchase agreement had yet to be fully satisfied, Baidu said in a filing late Monday.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Baidu’s Third-Quarter Revenue Rose 6%; Investment Gain Boosted Bottom Line
21Nov By adminNo Comments
World

Baidu’s Third-Quarter Revenue Rose 6%; Investment Gain Boosted Bottom Line

Baidu’s third-quarter revenue rose 6% from a year earlier, thanks to growth in online-marketing services and streaming services.The Chinese tech company said Tuesday that net profit for the quarter ended September was 6.68 billion yuan ($931.8 million), compared with net loss of CNY146 million a year earlier. Quarterly profit beat the estimate of CNY4.89 billion taken from an analyst poll by FactSet.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Nvidia’s $5 Billion of China Orders in Limbo After Latest U.S. Curbs
31Oct By adminNo Comments
World

Nvidia’s $5 Billion of China Orders in Limbo After Latest U.S. Curbs

Oct. 30, 2023 11:00 pm ETSINGAPORE—New U.S. export controls may compel artificial-intelligence giant Nvidia to cancel billions of dollars in next-year orders for its advanced chips to China, a move that could deprive Chinese tech companies of crucial AI resources.The Santa Clara, Calif.-based company had already finished delivering orders of its advanced AI chips to China for this year, according to people familiar with the matter, and was pushing to deliver some 2024 orders in advance before the new rules were scheduled to come into effect in mid-November.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Nvidia’s $5 Billion of China Orders in Limbo After Latest U.S. Curbs
31Oct By adminNo Comments
Technology

Nvidia’s $5 Billion of China Orders in Limbo After Latest U.S. Curbs

Oct. 30, 2023 11:00 pm ETSINGAPORE—New U.S. export controls may compel artificial-intelligence giant Nvidia to cancel billions of dollars in next-year orders for its advanced chips to China, a move that could deprive Chinese tech companies of crucial AI resources.The Santa Clara, Calif.-based company had already finished delivering orders of its advanced AI chips to China for this year, according to people familiar with the matter, and was pushing to deliver some 2024 orders in advance before the new rules were scheduled to come into effect in mid-November.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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