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For intelligent energy future, Baidu has recently signed a memorandum of understanding (MoU) with China Huaneng Group Co., Ltd. The MoU aimed at driving the intelligent transformation of the energy industry.

  • Baidu will leverage its capabilities in AI-powered new infrastructure to help Huaneng closely integrate the digital economy with the energy and power industry.
  • The partnership aligns with Baidu’s long-standing investments in AI technologies, cloud computing, and big data capabilities, which aim to help various industries—including energy, transportation, education, and finance—undergo intelligent transformations, which will culminate in a fully intelligent economy and society.
  • The two companies will jointly develop a new generation automated and intelligent financial shared services platform, as well as cooperate to apply AI and big data technologies to the energy and power field.

In Jan 2021, Baidu, Inc., announced its plan to establish a company to produce intelligent electric vehicles (EV), and that it has entered into a strategic partnership with multinational auto manufacturer Zhejiang Geely Holding Group (“Geely”).

• Baidu will provide intelligent driving capabilities to power the passenger vehicles for the new venture, and Geely, which holds the distinction of best-selling Chinese automobile brand in past years under the Volvo and Geely brands, will contribute its expertise in automobile design and manufacturing.

In Nov 2020, Baidu, Inc. had entered into definitive agreements to acquire JOYY’s domestic video-based entertainment live streaming business in China (“YY Live”), which includes YY mobile app, YY.com website and PC YY, among others, for an aggregate purchase price of approximately US$3.6 billion in cash.

About Baidu
Baidu, Inc. headquartered Beijing, China, is a global AI company with a strong Internet foundation. The company focuses on best technology to connect to information and services. The company’s product includes- web search product, Baidu PostBar-a online community platform, Baidu Knows, Chinese-language interactive knowledge-sharing platform; and Baidu Encyclopedia, a Chinese-language encyclopaedia. In addition to this company also offers performance-based online marketing services.

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