Baidu is Chinese company that specializes in web services. The main service of Baidu is their search engine, which bears the same name and is currently the leader among Chinese search engines. The Baidu search engine covers about 1.5 percent of all markets of search engines’ services. The company was founded by Robin Li, who is the chairman and CEO, and Eric Xu and is headquartered in Beijing, China. Currently, Baidu has over two billion active users worldwide. Baidu’s advertising system is quite similar to that of Google Adwords or Adsense, although it has its own special features. In 2013, it was announced that Baidu began cooperation with Bitcoin. However, Chinese authorities prohibited any means of using cryptocurrency within Chinese territory. Nevertheless, this mandate didn’t stop Baidu from investing in prospective international projects related to the crypto sphere.
Baidu is reportedly planning to commercialize its chip technology by setting up a dedicated subsidiary backed by crypto-friendly venture capital firms.
Baidu reportedly aims to address chip shortage plaguing gaming, crypto and cars
China’s cyberspace commission has issued approvals for 224 blockchain projects, including ventures from the country’s major tech companies.
China's Cyberspace Regulators Approve 224 Blockchain Ventures
A Baidu senior engineer has been jailed for three years for mining $14,000 worth of Monero on company servers.
Baidu Employee Jailed for Mining Monero Worth $14K on Company Servers
China’s Bitcoin trading volumes have continued to drop, hitting a two-year low on peer-to-peer exchange LocalBitcoins.
Blockchain, not Bitcoin: China’s BTC Volume on LocalBitcoins Hits 2-Year Low
The Chinese e-commerce giant JD.com has reportedly applied for over 200 patents.
Report: Chinese E-Commerce Giant JD.com Has Applied for Over 200 Blockchain Patents
China’s cyberspace administration has released its first list of registered blockchain service providers.
Chinese Regulator Approves First 197 Blockchain Firms, Including Tencent, Alibaba, Baidu
Chinese search engine giant Baidu has launched its Baidu Blockchain Engine, an operating system designed to facilitate DApp development.
Chinese Tech Giant Baidu Launches Blockchain OS to Support DApp Development