China’s internet giant Baidu announced yesterday the spinoff of its global business unit.
Baidu Inc. COO Lu Qi has resigned and will no longer serve his current position after July 2018.
This week on TechBuzz China, our hosts Rui Ma and Ying-Ying Lu discuss two major stories in China tech. Rui talks about the upcoming initial public offering of Xiaomi, which will be the world’s largest since Alibaba’s debut in 2014, and Ying-Ying shares the news of Baidu’s new financial services spinoff
According to “Technology Roadmap of Energy-saving and New Energy Vehicles”, a publication by the Society of Automative Engineers of China, the market share of driver-assist/partially-autonomous vehicles will reach 50% by 2020.
“I just saw the headlines saying that iQIYI has fought through bitter years, and I want to tell our friends at the press that it wasn’t bitter for us,” said a host from iQIYI Innovation Building in Beijing on March 29.
On March 29, iQIYI became officially listed on NASDAQ with the ticker symbol IQ. At $18 per share, it has raised a total of $2.25 billion.
On March 26, at the annual session of China Development Forum (CDF) 2018 in the Diaoyutai State Guesthouse in Beijing, Robin Li, Baidu’s chairman and CEO, spoke in the session called “Navigating future development through innovation: insights from business leaders.”
On March 26, Baidu and Xiaoyu jointly held a product release conference in Beijing to release the first smart speaker with a screen, named the Duer Zaijia. Priced at 599 yuan ($96), it will start shipping on April 10.
On March 24, China Mobile completed its first 5G-V2X remote test drive in Xiong’an New Area, successfully demonstrating remote control of unmanned vehicles from over 20 km (12.4 miles) away through a 5G network
On March 22, the Beijing Municipal Government issued its first batch of temporary license plates for autonomous vehicles to Baidu after completing series of procedures such as the closed field test, autonomous driving capacity assessment and expert reviews.