Baidu may divest global assets, shift focus to AI

Internet giant Baidu Inc is considering spinning off its international division, as it focuses more on prioritizing artificial intelligence as a growth driver, according to a source familiar with the matter.

Following the closure of its mobile healthcare segment and the sale of its takeout delivery unit earlier this year, analysts said the Beijing-based company is aiming to reposition itself as a leader in artificial intelligence.

"Baidu wants to spin off those businesses that have less relevance to its AI strategy. As for the international unit, the company's executives have been in negotiations about detailed issues, such as the price and shareholding structure," said the person on condition of anonymity.