Agentic AI Boom to Drive Massive Growth in CPU Market, UBS Says 
UOB Q1 Profit Meets Expectations as Loan Growth Offsets Lower Interest Rates 
JD Sports Backs Nike CEO Elliott Hill Amid Brand Turnaround Efforts 
Apple Explores Intel and Samsung Partnerships to Diversify Chip Supply Chain 
Palantir Reports Record Growth, Raises 2026 Revenue Outlook Above Expectations 
Hua Hong Semiconductor Stock Surges to Multi-Year High Amid AI Boom 
Orsted Q1 EBITDA Beats Expectations Despite U.S. Impairments 
Continental AG Shares Jump After Q1 Profit Beats Expectations 
Pinterest Stock Surges After Strong Q1 2026 Earnings Beat Expectations 
Strategy Reports Q1 Loss as Bitcoin Holdings Trigger $14.46 Billion Unrealized Hit 
Samsung Surpasses $1 Trillion Market Cap Amid AI Chip Boom and Apple Partnership Talks 
Philips Reaffirms 2026 Outlook After Strong Q1 Sales and Margin Beat 
Novo Nordisk Raises 2026 Outlook on Strong Wegovy Demand 
Lufthansa Q1 Loss Narrows as Strong Summer Travel Demand Boosts Outlook 
Volvo Car Sales Drop 10% in Early 2026 Despite Growth in Electric Vehicles 
Rivian Hints at New R2 Variants as Production Ramps Up Ahead of 2027 Launch 
China Banks Halt New Loans to Sanctioned Refineries Amid U.S.-Iran Oil Crackdown 
BEIJING, April 28, 2018 -- Baidu, Inc. (NASDAQ:BIDU), the leading Chinese language Internet search provider, today announced that its Chairman and CEO Robin Li and his wife Melissa Ma, together with the company, jointly donated RMB 660 million to Peking University. The donation commemorates the 120th Anniversary of the institution and marks the establishment of the “Peking University Baidu Fund”. The donation will support cutting-edge research into areas that are highly compatible with the application of Baidu’s AI technologies, such as information management, medicine, economics, communications, and sociology.
|
|||||
On behalf of the faculty and students at Peking University, President Jianhua Lin thanked the couple for their generous support, and stated that he hopes Baidu and Peking University can work together to generate more innovation and contribute to the development of this new era.
“All these years, no matter where I am in the world or how far I’ve come on my journey, I can always find motivation and support from my alma mater to keep me moving forward,” Li said at the donation ceremony. “Melissa and I are donating to commemorate the 120th anniversary of this great school. Just as important, this is also a significant opportunity for Baidu to deepen our collaboration with Peking University, joining together Baidu’s leading technology and applications with Peking University’s cutting-edge research, to innovate for the benefit of society.”
Robin Li graduated from the Department of Information Management of Peking University in 1991.
About Baidu
Baidu, Inc. is the leading Chinese language Internet search provider. Baidu aims to make a complex world simpler through technology. Baidu's ADSs trade on the NASDAQ Global Select Market under the symbol "BIDU". Currently, ten ADSs represent one Class A ordinary share.
Media Contact:
[email protected]
A photo accompanying this announcement is available at http://resource.globenewswire.com/Resource/Download/5236217b-1ebb-48c1-9c2a-92223669ca7a
