Baidu banking on tech for further gains

Chinese internet search giant Baidu Inc has reported revenues exceeding 100 billion yuan ($14.6 billion) for last year, marking a milestone for the company's efforts to accelerate its business growth, and make breakthroughs and innovations, said Robin Li, chairman and CEO of Baidu, in an internal letter on Wednesday.

"The achievement and progress we have made in 2018 is constantly strengthening the confidence of our users and public awareness of Baidu, a company that can make good products and is favored by users, has come back," said Li on the first workday of 2019.

Li said in the letter that artificial intelligence is accelerating its penetration into all aspects of life in 2019, creating huge development opportunities and space for upgrading. Looking ahead, Baidu should fulfill its mission and have the courage to take on responsibilities, he added.