Baidu said it has no plan for an additional share issuance or placement, with a company representative stating that existing funds and operating cash flow are enough to support its planned business development. The comment came alongside figures from Baidu’s latest earnings report. As of the end of the second quarter, the company held 283.1 billion yuan in cash and investments, while operating cash flow stayed positive for a fourth straight quarter. Baidu also reported strong growth across its AI-related business lines. Revenue from AI cloud infrastructure rose 50% year over year, and GPU cloud revenue climbed 283% from a year earlier. The company added that AI business revenue now accounts for 50% of its general business revenue. The update was cited by Odaily, which referenced a report from the STAR Market Daily.
Baidu has no plan for an additional share issuance or placement, according to a company representative, who said existing funds and operating cash flow are sufficient to support the company’s planned business development.
In its latest earnings figures, Baidu said cash and investments stood at 283.1 billion yuan as of the end of the second quarter. Operating cash flow remained positive for four consecutive quarters.
The company also reported growth in its AI-related operations. Revenue from AI cloud infrastructure increased 50% year over year, while GPU cloud revenue rose 283%. AI business revenue now makes up 50% of Baidu’s general business revenue.
The information was cited by Odaily from STAR Market Daily.
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