In January 2000, Robin Li returned from Silicon Valley in the United States and founded Baidu in Zhongguancun.
In June 2000, Baidu officially launched the world's largest, fastest, and newest Chinese search engine, and announced its full entry into China's Internet technology field.
In August 2000, Baidu began to provide services for Sohu.
In September 2000, internationally renowned venture capital companies such as DFJ and IDG invested huge amounts of money in Baidu.
In October 2000, Baidu began to provide services to Sina.
On October 26, 2000, Baidu Network Technology Co., Ltd. announced that it had completed the second phase of financing.
On November 16, 2000, Baidu announced that it would officially provide Chinese web page information retrieval services to Sina (Nasdaq: SINA), one of the three major portal websites, in China to support its comprehensive launch of a comprehensive search engine. In January 2001, Baidu provided comprehensive search services for 263.
In February 2001, Baidu provided comprehensive search services for Tom.
In August 2001, the Beta version of Baidu search engine was released, shifting from back-end services to independently providing search services, and pioneered the bidding ranking business model in China.
In September 2001, Baidu search bidding ranking surfaced.
The Baidu search engine was officially released on October 22, 2001.
In October 2001, Baidu provided a global Chinese web page retrieval system for Shanghai Hotline.
In October 2001, the Financial Information Management Center of the People's Bank of China adopted Baidu's "Network Database Search" software. In January 2002, CCTV International fully introduced Baidu's "Netshitong" information retrieval software.
In March 2002, Baidu President Robin Li was selected as one of "China's Top Ten New Entrepreneurs".
In June 2002, Baidu officially launched IE Search Companion.
MP3 search was released in November 2002.
The Search Monopoly game was launched in November 2002.
Provided services to NetEase in November 2002.
In December 2002, China Mobile signed a contract with Baidu Enterprise Competitive Intelligence System.
In December 2002, internationally renowned companies such as Konka, Lenovo, and Coca-Cola became Baidu's bidding ranking customers. In January 2003, Baidu President Robin Li won the title of the first "Top Ten IT Figures in China".
In February 2003, Baidu launched a commonly used search function, integrating commonly used and practical small functions to facilitate users;
In March 2003, Baidu held an exhibition themed at the Century Theater in Beijing. "Live Search, Change Life--Baidu Search Passion Night" large-scale event.
In June 2003, the "Ten Thousand People Public Evaluation" organized by China Computer Education News, a third-party subsidiary of CCID Group, announced the evaluation results. Baidu surpassed Google and became the preferred search engine for Chinese netizens.
In June 2003, Baidu launched the Chinese search ranking.
In July 2003, Baidu launched two major technical search engines, news and pictures.
In September 2003, TOM announced its cooperation with Baidu, and Baidu provided search technology for it.
In October 2003, Baidu President Robin Li won the honorary title of "The Second Outstanding Entrepreneur of Zhongguancun Science and Technology Park".
In November 2003, Baidu launched news image search.
In December 2003, Baidu successively launched epoch-making functions such as regional search and "Tieba", and the search engine entered the community era; at the same time, it also released three functions: advanced search, time search, and news reminder. In January 2004, Baidu and Hurun jointly created the "2003 China's Richest Popularity List".
In January 2004, Baidu President Robin Li was once again awarded the title of "Top Ten IT Figures".
In January 2004, Baidu President Robin Li won the title of "Thirteen New Talents in Beijing".
In February 2004, Enlight Media and Baidu jointly created the "Global Chinese Celebrity Popularity List".
In March 2004, a Chinese search engine survey revealed that Baidu monopolized the Chinese search market.
In April 2004, Baidu further expanded its scale and moved into the Ideal International Building.
In April 2004, Baidu launched “Xiaba”.
In May 2004, according to the latest Alexa data, Baidu has become the fourth largest website in the world.
In June 2004, Baidu successfully raised funds.
In June 2004, the WAP version of Baidu Tieba was launched. You can also browse Tieba easily through your mobile phone.
In July 2004, Baidu launched a nationwide lecture tour of "The Way of Internet Marketing".
In August 2004, Baidu launched Super Souba.
In August 2004, Baidu acquired Hao123 Website Home.
In September 2004, Baidu advertising cost thousands of dollars per word per day, setting a sky-high price for online advertising in China.
The document search function was launched in September 2004. Users can search rich Chinese document resources in Baidu through advanced syntax.
In September 2004, China's first search book "How to Use Baidu" was officially published.
In October 2004, Robin Li represented the Chinese Internet community at the Singapore Industrial Leaders Conference.
In October 2004, Baidu established the "Apple Award" to solicit search ideas from around the world.
In November 2004, the world's first WAP/PDA Chinese web search engine was launched.
In December 2004, iresearch released the "2004 China Search Engine Research Report", highlighting Baidu's dominance.
In December 2004, Baidu released the 2004 China Internet Keyword Ranking. In January 2005, Baidu opened its homepage for one week to help people affected by the tsunami.
In January 2005, Robin Li, President of Baidu, was elected as one of the "Top Ten IT Figures" for the third time in a row.
In February 2005, Baidu released the world's first hard drive search tool that supports Chinese and English.
On March 24, 2005, Shanda Interactive Entertainment Co., Ltd. (Nasdaq: SNDA) and Baidu Online Network Technology Co., Ltd. formed a strategic partnership.
On May 17, 2005, Baidu cooperated with China Telecom to launch a beta version of Baidu Yellow Pages search, thereby officially entering the local search business field, and at the same time introducing Yellow Pages data resources into Baidu's existing PDA and WAP mobile searches. Serve.
In May 2005, Baidu ranked first among the 21 most promising companies in 2005.
On June 23, 2005, Baidu launched an online question and answer service called "Baidu Knows" to enter the field of "knowledge search".
In June 2005, the beta version of Baidu Encyclopedia was released, and Baidu launched Baidu Encyclopedia.
On August 5, 2005, Baidu was successfully listed on NASDAQ. At the same time, it surpassed Sina in the Alexa ranking and became the number one Chinese website.
On August 11, 2005, Baidu launched the "Baidu Qingqing" service, which provides users with the function of transferring emotional information based on name search.
During the "ASEAN Youth Festival" held in Semarang, Indonesia, on August 23, 2005, Robin Li, President of Baidu Online Network Technology (Beijing) Co., Ltd., won the 12th "ASEAN Youth Award".
In October 2005, Baidu teamed up with Peking University to establish the Chinese Search Behavior Research Laboratory.
On November 8, 2005, the official version of Baidu Zhizhi, a large-scale interactive question and answer platform, was launched.
On November 8, 2005, the official version of Baidu Encyclopedia was launched.
In December 2005, the China Internet Brand Survey was announced, and Baidu ranked first in Chinese search results.
In December 2005, Baidu Robin Li won the 2005 China Economic Person of the Year.
In December 2005, Baidu won the title of "2005 CCTV China Best Employer of the Year". In January 2006, Baidu launched a Chinese studies channel. Thousands of years of Chinese traditional culture, just search it on Baidu.
In March 2006, Baidu Chief Financial Officer Wang Zhansheng was elected China’s first outstanding CFO.
In March 2006, Baidu joined hands with Nokia, the world's leading mobile communications manufacturer, to integrate Chinese mobile search services into Nokia mobile phones.
In March 2006, "Computer News" announced the results of the 2005 readers' preferred search engine brand survey, and 62.29% of readers preferred Baidu.
On March 15, 2006, Baidu Personal Center backend system Passport was launched.
On March 22, 2006, “Government Website Search” was officially launched.
In April 2006, following "Baidu Tieba" and "Baidu Knows", Baidu launched its third community search product - "Baidu Encyclopedia", and Baidu's community knowledge search troika emerged.
In April 2006, Baidu donated one million yuan to fund the construction of ecological civilization villages in Hebei Province.
In April 2006, Baidu and IBM launched a comprehensive cooperation.
In May 2006, Baidu successfully held the 2006 Baidu Marketing Top 100 National Summit with the theme of "Corporate Marketing, Effect is King" in 33 cities across the country.
In June 2006, Baidu bidding ranking adjusted the original unified starting price rules, and the "intelligent starting price" system was officially launched.
In June 2006, the Ministry of Personnel granted Baidu the qualification for a postdoctoral research workstation. Baidu became the only company in China's Internet industry to have a postdoctoral research workstation.
In July 2006, the Baidu Index was upgraded, and the personalized keyword monitor was launched.
In July 2006, Baidu launched a disruptive advertising model - precision advertising.
In July 2006, Baidu officially released a new product "Baidu Space".
In July 2006, Baidu successfully held the first "Baidu World Conference".
In July 2006, Baidu successfully signed a contract with the Library of the Chinese Academy of Sciences.
In August 2006, Baidu joined hands with Smile Library to donate books to impoverished primary schools in Tibetan areas of Gansu.
In August 2006, Baidu teamed up with Peking University to launch an authoritative legal search.
In August 2006, Baidu’s “News Free Code” was officially launched.
The CNNIC and CIC search engine market reports in September 2006 both showed that Baidu's market share is far ahead.
In September 2006, Baidu began to hold the 2006 Baidu Bidding Ranking Golden Autumn Marketing Ceremony in 56 cities across the country.
In September 2006, Baidu China search engine was selected as one of China's top ten innovative software products.
In September 2006, Baidu PPC fully launched the intelligent ranking function, using the "comprehensive ranking index" as the ranking standard.
In September 2006, iResearch, a well-known domestic market consulting company, reached an agreement with Baidu. Baidu Search Ranking will provide data support for iResearch Online Advertising Monthly Report.
In October 2006, Baidu’s “Understand Chinese Better” series of marketing plans won the “Effie Award” gold medal.
In October 2006, Baidu was listed on China's first "Sunshine Fortune List".
In October 2006, Baidu launched a strategic cooperation with MTV, the global traditional entertainment giant, to explore the domestic digital music development model.
In November 2006, Baidu launched a new product "Zangzang".
In November 2006, Baidu won the mp3 search infringement case.
In November 2006, Baidu teamed up with seven well-known network security manufacturers to launch an anti-virus channel.
In November 2006, Baidu announced that it had established a strategic partnership with eBay. The cooperation included text advertising, online payment, and the promotion of co-branded toolbars.
In December 2006, Baidu launched a new product "Blog Search".
In December 2006, the number of Q&A on Baidu exceeded 10 million.
In December 2006, Thumbsky cooperated with Baidu to enjoy mobile search services. In January 2007, Baidu reached a strategic partnership with security vendor Symantec, Inc.
In February 2007, Baidu video search was released.
Baidu Boiling Point was held for the first time on February 7, 2007.
On March 20, 2007, the beta version of Baidu Japanese website homepage was launched. There are two products, web pages and pictures, and the results can be retrieved. This shows that Baidu's international strategic vision has taken a substantial first step.
On April 20, 2007, Baidu Book Search was officially launched.
Baidu Blind Road was released on April 25, 2007. Baidu Blind Road includes 7 major Baidu search services, which are the Blind Road version of Baidu News Search, Baidu Web Search, Baidu MP3 Search, Baidu Tieba, Baidu Knows, Baidu Encyclopedia, and Hao123 Website Navigation.
On May 29, 2007, Baidu and Hunan Satellite TV officially announced that the two parties will rely on Baidu search community to develop cross-media platforms and content, products and brands, public welfare and events, interactive TV production and other fields. Carry out in-depth strategic cooperation.
On June 7, 2007, Youku announced a strategic cooperation with Baidu, and the two parties have launched business cooperation in the search field.
On July 3, 2007, Rolling Stone Records and Baidu jointly announced today that they have reached a comprehensive strategic cooperation to jointly expand China's digital music market and provide Chinese music online services to China's 144 million Internet users.
The Baidu World Conference was held on August 9, 2007. The "Baidu World" conference is an annual industry event held by Baidu Company for users, customers, and partners. As the world's largest Chinese website, Baidu is changing the way people obtain information, thereby changing people's lifestyles.
On September 19, 2007, the game channel was officially announced.
On September 21, 2007, Baidu announced the launch of its Olympic interactive platform "Baidu 2008 Mobilization".
On October 17, 2007, Ctrip announced today that it will join hands with Baidu, the world's largest Chinese search engine, to launch a comprehensive cooperation in hotel search.
On October 18, 2007, search engine company Baidu announced its entry into e-commerce and plans to build a C2C platform, which is expected to be launched in early 2008.
On November 1, 2007, the beta version of Baidu Statistics System was officially launched.
In November 2007, Baidu Film and Television joined hands with NetTV to launch Baidu Film and Television Interactive TV.
On November 9, 2007, the beta version of Baidu Finance Channel was launched.
In December 2007, the online video company PPLive teamed up with Baidu to conduct strategic cooperation through complementary advantages and achieve cross-domain alliances.
On December 21, 2007, Baidu patent search was launched.
In December 2007, Beijing Mouzhi Network Technology Co., Ltd. established a partnership with Baidu.
In December 2007, Baidu cooperated with Disney to launch the official website of "High School Musical". Baidu Entertainment was officially launched on January 12, 2008.
On February 27, 2008, Baidu Security Center, which has multiple functions such as free virus scanning, system security detection, system vulnerability repair, and malware cleaning, was officially launched.
On February 29, 2008, Baidu IM software "Baidu HI" began internal testing.
On March 5, 2008, Baidu officially announced that its voice search service has officially entered the testing phase. Users can dial the Baidu voice search service hotline 400-666-8585 and connect with Baidu service engineers to propose their own search keys. Words, engineers search based on user requests and provide relevant search results to users.
On March 25, 2008, after nearly a month of internal testing at Baidu, Baidu Hi entered the public invitation testing stage.
On March 28, 2008, the Haier Baidu streaming channel launched by Baidu specifically for streaming TV users was officially launched.
In March 2008, Baidu and China Netcom jointly launched the "Ling Tong Zhi" SMS search service.
In March 2008, Baidu cooperated with 15 radio stations across the country, including China Radio International, to officially launch the free "Radio Alliance" online listening service.
In April 2008, Baidu signed a cooperation agreement with China Netcom Group to launch search services.
In April 2008, Baidu was recognized as a "well-known trademark in China" by the Trademark Office of the State Administration for Industry and Commerce.
On April 21, 2008, the official version of Baidu Encyclopedia was released.
On June 5, 2008, Baidu IM (instant messaging) product HI was officially released at the Baidu World Conference.
September 10, 2008 Baidu announced today that it has named its C2C payment platform "BaiFubao", and BaiFubao will be released together with Baidu C2C platform.
On September 26, 2008, the first batch of 10,000 users who were approved to enter the Baidu online trading platform could officially enjoy Baidu C2C services at 8 o'clock last night. This marks the official launch of Baidu’s C2C platform, which has been brewing for a year.
In September 2008, Baidu invested in United Video and received 100 million yuan in cash and 8.3% of shares.
On October 8, 2008, Baidu’s online trading platform was officially named “Youah”.
In October 2008, Baidu announced an alliance with Hexun.com to jointly build Baidu Finance Channel.
On December 12, 2008, Baidu announced that Chinese download service provider Xunlei officially joined the Baidu Alliance.
On December 17, 2008, Baidu announced a comprehensive cooperation with Phoenix.com.
On December 18, 2008, Baidu Shanghai R&D Center was established. At the same time, Baidu announced that it was implementing the "Aladdin Platform Plan". On January 5, 2009, Baidu received a 1 million "China Famous Trademark" government award fund.
In January 2009, Baidu teamed up with Amazon to launch the Xiaojudeng online book donation platform.
On January 8, 2009, Baidu joined hands with Hunan Satellite TV to officially launch the entertainment hot spot.
In January 2009, Baidu Japan launched a mobile phone rental service in Japan.
In February 2009, Baidu Japan Window was launched to join hands with Japanese companies to expand the B2C market.
On March 10, 2009, Baidu announced in Beijing that it had signed a cultural brand promotion cooperation agreement with Shanxi Province. Baidu will build a special brand column for the latter to help the development of its cultural industry.
On March 10, 2009, the abbreviation of Baidu Japan's name was officially changed from Inc to Baidu Japan Inc, which is more intimate with the Japanese people.
On April 20, 2009, Baidu Search Promotion Professional Edition was fully launched.
On June 25, 2009, the "Love for e-township - National College Student Rural Informatization Innovation Competition" hosted by Baidu officially kicked off at Peking University.
In June 2009, Baidu won the "China's Corporate Social Responsibility Innovation Pioneer Enterprise" award.
On June 30, 2009, Baidu signed an agreement with the China Association for Poverty Alleviation and officially joined the China Green Computer Poverty Alleviation Action.
In July 2009, Beijing Telecom and Baidu's online shopping platform "Youah" joined forces, and the "Beijing Telecom Official Flagship Store" was officially launched on the "Youah" platform, focusing on the sales of 3G related products.
In July 2009, Suning Appliance signed a strategic cooperation agreement with Baidu to enter the home appliance B2C market.
On August 10, 2009, Baidu established the Tieba Division, and Shu Xun, director of the corporate marketing department, was appointed as general manager.
In October 2009, Baidu teamed up with the Chinese Academy of Sciences to strategically cooperate to develop "box computing".
In September 2009, the Baidu Search Box Building was completed.
On October 19, 2009, Baidu and China Unicom announced that the two parties formally signed a search strategic cooperation agreement.
In November 2009, Baidu reached a cooperation with Qtrax, a music download service provider.
On November 12, 2009, the beta version of Baidu Zhizhi document sharing platform was launched.
On December 8, 2009, Baidu Knows Document Sharing was renamed "Baidu Library" and some functions were upgraded.
On November 17, 2009, Baidu held a grand housewarming ceremony to celebrate the company's official move into the new office and R&D building - Baidu Building, located in Shangdi Information Industry Base.
On November 18, 2009, "Baidu Japan Window" was upgraded and revised to "Baidu World Window", and the "Korea Window" column was added.
In November 2009, Baidu won the "2009 China Internet Innovation Enterprise Award" issued by the "2009 China IT Two Sessions".
On December 1, 2009, Baidu fully launched the search marketing professional version (ie Fengchao system).
In December 2009, Baidu released the 2009 Search Ranking.
On December 28, 2009, Baidu Tieba officially announced that the number of users of I Tieba exceeded 12 million in just one month after its official launch.
On December 28, 2009, Baidu won the 2009 Elite Brand Award. In January 2010, "Baidu R&D Box Computing" won the 2009 Influential Fashion Event Award.
On January 12, 2010, Baidu domain name resolution was illegally tampered with by a US domain name registrar, causing global users to be unable to access Baidu normally.
On January 18, 2010, Baidu’s homepage was revised and new “Map” and “Encyclopedia” links were added.
On September 17, 2010, Baidu input method was officially launched online.
On November 8, 2010, Baidu launched a public beta test.
On November 17, 2010, "Baidu Side" was officially launched. On the evening of January 7, 2011, Baidu officially released the "2010 Baidu Search Ranking".
On March 31, 2011, Baidu’s “Youah” mall was officially closed.
In April 2011, Baidu Encyclopedia’s fifth anniversary event was officially launched.
On April 26, 2011, Baidu won the title of "Top Ten Charitable Enterprises of the Year".
On April 28, 2011, Baidu Travel was officially launched.
In June 2011, Baidu Music was officially launched.
On August 16, 2011, the home page picture of Baidu World 2011 official website left a suspense
In September 2011, Robin Li became the most influential Chinese entrepreneur.
2012-1-16 Baidu International Building Shenzhen laid the foundation stone
2012-03-23 ??Baidu held a developer conference and officially released Baidu Cloud Strategy
2012-05 Baidu was named the world's most valuable Top 100 brands rank first in Asia's technology
2012-05 Baidu ranked first in "Best Profit Growth" in the 2011-2012 "China's Best Performing Companies" list selected by "Global Entrepreneur"
2012-06-01 Baidu created the largest public service advertisement in the history of China's Internet "Baidu Free Lunch for One Hour"
2012-06 Baidu Library contains more than 330,000 genuine documents
2012-07 Baidu Knows 7th Anniversary Solving 200 Million Problems
2012-08-17 Baidu surpassed Google and won the "No. 1 Best Employer in China's Internet Industry" for the first time
2012-09-02, Baidu officially launched personal cloud service at the 2012 Baidu World Conference
2012-10-17 Baidu established the LBS Division
2012-11-17 Baidu won the World Environmental Protection Conference "Carbon Gold Innovation Value Award"
2012-11-26 Baidu Personal Cloud Service users reached 20 million, and the total number of cloud storage files exceeded 1 billion
2012-12-02 Baidu Music Ten Anniversary, Baidu MP3 officially changed its name to Baidu Music
2012-12-25 Baidu Voice Assistant Android version officially released
2012-12-31 Baidu Image Search launched the world's first Image-based face search on the entire network 2013-5-7 Baidu acquired the PPS video business and merged the PPS video business with iQiyi. PPS will operate as a sub-brand of iQiyi.
2013-5-7 Baidu introduced the country code after successively introducing core data from authoritative organizations such as the State Food and Drug Administration, China Home Appliance Maintenance Association, China Aviation Association, China Banking Association, and Beijing Municipal Health Bureau. Center data, netizens can check the organization's "ID card"
On August 14, 2013, Baidu announced that its wholly-owned subsidiary Baidu (Hong Kong) Co., Ltd. had signed a final merger agreement. NetDragon and other shareholders acquired 100 shares of 91 Wireless Network Co., Ltd. (91 Wireless for short). On April 3, 2014, Baidu announced that it had obtained a fund sales and payment license and would officially provide fund third-party payment and settlement services to fund companies and investors. Baidu stated that in the future, Baidu's financial business can use existing Internet channels to get involved in Internet fund sales business to provide users with more convenient and faster fund purchase services.
On July 17, 2014, Baidu Portuguese version of search was officially launched in Brazil to provide services, becoming an important symbol of China and Brazil strengthening cooperation in the field of technological innovation.
In August 2014, Baidu sued 360 for violating the Robots Agreement. Baidu filed a lawsuit in court in 2013. Baidu believes that 360 blatantly violated the Robots Agreement and arbitrarily grabbed and copied the content of its website and took it as its own, which seriously infringed on the rights and interests of Baidu and harmed the interests of Baidu and the majority of Internet users. It constituted unfair competition and demanded that it The claim is 100 million yuan. On the 7th, the Beijing No. 1 Intermediate People's Court made a first-instance judgment today regarding the unfair competition dispute caused by whether the 360 ??search engine violated the Robots Agreement (also known as the crawler agreement, robot agreement, etc.), holding that the defendant Beijing Qihoo Technology Co., Ltd. This behavior violated the relevant provisions of the Anti-Unfair Competition Law. Beijing Baidu Netcom Technology Co., Ltd. and Baidu Online Network Technology (Beijing) Co., Ltd. should be compensated for economic losses and reasonable expenses of a total of 700,000 yuan. Baidu's other actions were also rejected. Litigation claim.
On October 9, 2014, Baidu and Peixe Urbano, Brazil’s largest group buying website, issued a joint statement stating that Baidu had acquired Peixe’s holding.
Under the terms of the deal, Baidu will allow Peixe Urbano's existing management team to operate autonomously within Baidu's corporate structure.
On December 15, 2014, the ranking of "The World's Top 500 Brands" was announced in New York, USA. Baidu was on the list for the first time.
On December 16, 2014, Baidu and Alibaba Group’s global net digital advertising revenue market share will surpass that of most U.S. counterparts and directly catch up with Google and Facebook.
On December 17, 2014, Baidu announced that it had signed a cooperation agreement with the Silicon Valley startup Uber and made strategic investment. On February 2, 2015, Baidu announced that it would integrate Baidu's existing business groups and divisions into three major business groups: mobile services group, emerging business group, and search business group. The Mobile Cloud Division and LBS Division were merged into the Mobile Services Division; the New Business Group, the User Consumption Division, and the Internationalization Division were merged into the Emerging Business Group; the search underlying technology department of the Mobile Cloud Division and The mobile search alliance business was merged into the search business group. Through adjustments, Baidu's business will be further focused, the company's efficiency will be greatly improved, and better services will be provided to netizens in the mobile Internet era.
On September 24, 2015, Baidu and Microsoft announced a strategic cooperation. Baidu will become the default homepage and search engine of the Windows 10 Microsoft Edge browser in the Chinese market.
On October 26, 2015, Baidu and China’s leading online travel provider Ctrip officially reached a share exchange transaction. After the transaction is completed, Baidu will own approximately 25% of Ctrip's total voting rights and become Ctrip's largest shareholder, while Ctrip will own approximately 45% of Qunar.com's total voting rights and become Qunar.com's largest shareholder.
This is another major layout in China’s online travel market following Baidu’s strategic investment of US$306 million in Qunar.com, another giant in China’s online travel field, in June 2011.
On November 17, 2015, China CITIC Bank announced the establishment of Baixin Bank Co., Ltd. in cooperation with Baidu. The investors are China CITIC Bank and Fujian Baidu Borui Network Technology Co., Ltd., with a tentative registered capital of 2 billion yuan. RMB is planned to be absolutely controlled by China CITIC Bank, and the specific capital contribution ratio is to be determined.
On November 18, 2015, Baidu and CITIC Group jointly announced a strategic cooperation at the Diaoyutai State Guesthouse. Baidu and CITIC Bank, a subsidiary of CITIC Group, initiated the establishment of Baixin Bank. This is China's first direct bank launched by an in-depth cooperation between an Internet company and a traditional bank. It marks a milestone step for Baidu in financial services, a vertical service field with the largest capacity and greatest growth potential. The establishment of Baixin Bank is also of landmark significance in the development of China's banking industry, creating a new model of "Internet finance".
Since November 18, 2015, Baidu Wallet has officially launched the "Year-Round Cashback Plan". Consumers can book hotels on Baidu Nuomi, Baidu Takeout, Baidu Maps, Uber, COFCO Womai.com, and e-bags When making purchases at many merchants such as Washi, Burger King, etc., you can enjoy the value-for-money discount of “instant cash rebate starting from 1 for a single order, and the highest order is free” when paying with Baidu Wallet. This rebate program is indefinite, and the cash consumers receive as rebates can be accumulated over the long term.
In December 2015, Baidu announced the formal establishment of its autonomous driving division.
In December 2015, Baidu announced the establishment of the Financial Services Group (FSG), which consists of consumer finance business, wallet payment business, and Internet securities business. Baidu Vice President Zhu Guang serves as the general manager of the Financial Services Group. In April 2016, Baidu’s private equity crowdfunding platform Baidu Baidu was launched.
On April 20, 2016, Baidu announced that its Baidu Video business will officially operate independently. Hu Hao, the former general manager of Baidu Video Division, serves as the company's CEO.