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Baidu's annual revenue 2008-2019

The multinational technological corporation Baidu Inc reported an annual revenue of over 15 billion U.S. dollars in 2019. Headquartered in Beijing, the company had rapidly grown into one of the Chinese prominent developers of internet and artificial intelligence services and products. Its Baidu.com is one of the world’s largest and China’s most popular search engine websites.

China’s search engine market

The number of search engine users in China was over 750 million as of March 2020, a majority of whom carried out their search activities on mobile devices. China’s search engine providers operate in a multibillion-yuan market. Forecasts for 2021 predicted the revenue generated within this market to gross over 200 billion yuan. Of this, Baidu holds the largest market shares in terms of page views as well as the most preferred mobile search engine.

Baidu – products and services

Baidu’s global services range from algorithm, enterprise, and image searches to navigation, online storage and news. The wildly popular DuerOS voice platform enabled smart speakers are exemplar of Baidu’s progress in operating with AI. iQiyi, its online video streaming platform touted as “China’s Netflix” accounted for nearly eight percent of the company’s annual revenue in 2019. However, the tech giant still primarily relies on online marketing services for revenue generation.

Annual revenue of Baidu from 2008 to 2019

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Source

Release date

March 2020

Region

Worldwide

Survey time period

2008 to 2019

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Statistics on "Search engines in China"

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