Baidu recently reported fourth-quarter results that beat expectations across the board – the overall revenues were up 100% year-over-year.
That’s thanks to Baidu’s cloud computing business Baidu Cloud. Analysts say Baidu is now the third largest cloud computing service provider in China, only after Alibaba and Tencent.
“Baidu has extended its user base of cloud computing and AI in sectors such as telecom, manufacturing, and finance.” CEO Robin Li said on the company’s earnings call.