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  • Baidu Q2 financial report released: Baidu APP finally beat Tencent QQ
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Baidu Q2 financial report released: Baidu APP finally beat Tencent QQ

Andrew 08/30/2022 2 min read

For comparison, as of June 30, 2022,The number of monthly active accounts of Tencent QQ mobile terminal was only 569 million, a year-on-year decrease of 3.8%. This is also the first time that the monthly activity of Baidu APP has surpassedcell phoneQQ。

Data shows that Baidu’s core R&D expenses have accounted for more than 20% of Baidu’s core revenue for seven consecutive quarters; thanks to measures to reduce costs and increase efficiency and improve operational efficiency,Baidu’s core operating margin (Non-GAAP) in the second quarter was 22%, up from 17% in the first quarter of 2022.

In specific business,Baidu Smart Cloud revenue maintained its growth momentum, with revenue increasing by 31% year-on-year and 10% month-on-month, leading the industry in growth rate.

In the field of intelligent transportation, as of the end of the second quarter, the Baidu ACE intelligent transportation solution has been adopted by 51 cities, and the coverage has continued to increase compared with the 20 cities a year ago.

Baidu founder Robin Li said that despite the repeated disruptions to the macro economy by the domestic new crown epidemic, Baidu Core generated revenue of 23.2 billion yuan in the second quarter, of which Baidu Smart Cloud revenue maintained a rapid growth momentum, up 31% year-on-year and 10% month-on-month.

Carrot Run is still the world’s largest self-driving travel service provider. In the second quarter, Radish Kuaipao completed 287,000 orders, and the cumulative total order volume reached 1 million orders on July 20. It has become a normal mode of travel for users in Beijing Yizhuang.

In addition, Carrot Run has once again achieved milestone results. For the first time, it has provided fully unmanned operations on open roads in Chongqing and Wuhan, and started the self-driving travel service without a safety officer in the car, which further accelerated the large-scale deployment of Carrot Run.

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