# Baidu

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/baidu

- Industry: Internet
- Headquarters: Beijing, China
- Website: www.baidu.com
- Total disclosed funding: $25M
- Latest round: Series C (Jun 18, 2004)
- Investors on record: 8

## About

Based in Beijing, China, and established in 2000, Baidu, Inc. operates as a Chinese search engine. In 2003, the company launched a communication platform for users Baidu Tieba, and a picture, news searching function. In 2005, Baidu was listed on the NASDAQ. In 2010, the company established the film and video application Aiqiyi and launched the Baidu typing keyboard. In 2015, the company launched Baidu Wallet for mobile payment. In 2016, the company started to enter the car industry and cooperated with car brand Changan. Also, the company set up Baidu Venture for financial investment in AI, AR, VR areas. Baidu Brain, which is an AI technology with voice, image, natural language processing, and user portrait function, was launched in the same year. In 2017, the company developed the autonomous driving platform Apollo. In 2018, the organization released its first self-owned brand smart speaker "Xiaodu". In 2020, the company established a new subsidiary Baidu Health for the sale of disinfection supplies, medical devices. In 2021, the firm was listed on the Hong Kong Stock Exchange.

The company is a search engine, which uses AI to support such technologies to better match users' search intentions with the vast amount of information on the Internet. Besides, it also provides products and services in new areas of AI in three aspects. Firstly, mobile applications for users to communities connect and share knowledge and information. Secondly, AI solutions include PaaS, SaaS, and IaaS for enterprises. Thirdly, unmanned vehicles and auto-driving systems.

The company operates primarily in China, and the majority of its revenue comes from China. The total revenue increased by 5% from RMB 102.3 billion in 2018 to RMB 107.4 billion in 2019. In 2020, the firm's total revenue was RMB 107.1 billion (USD 16.4 billion).

## Funding rounds

- Series C, Jun 18, 2004, $15M — ePlanet Capital, TDF Capital, ChinaEquity Group, Alphabet, Bridger Capital, Integrity Partners, Peninsula Capital
- Series B, Sep 1, 2000, $10M — ePlanet Capital, IDG Capital, Integrity Partners, Peninsula Capital

## Investors

- ePlanet Capital (https://capitalatlas.ai/funds/eplanet-capital) — Series B, Series C
- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Series B
- Integrity Partners (https://capitalatlas.ai/funds/integrity-partners) — Series B, Series C
- Peninsula Capital — Series B, Series C
- TDF Capital (https://capitalatlas.ai/funds/tdf-capital) — Series C
- ChinaEquity Group (https://capitalatlas.ai/funds/chinaequity-group) — Series C
- Alphabet — Series C
- Bridger Capital — Series C