Chinese internet giant Baidu said on Tuesday (Feb 25) it had purchased social media platform JOYY Inc’s livestreaming business for US$2.1 billion, a year after it cancelled a deal partly because it failed to get government approval.

Chinese search engine group Baidu , said on Tuesday that the success of AI company DeepSeek had inspired it to embrace an open source model, under which the source code of its upcoming generative AI chatbot release will be publicly available.

Baidu (BIDU) has been the undisputed leader of the Chinese search engine market for almost two decades, with many linking it to Google’s rise

Chinese internet search giant Baidu will make its advanced AI chatbot services free, as competition heats up among global developers following the surging popularity of startup DeepSeek’s models.

Chinese search engine giant Baidu said on Friday it would make its next-generation artificial intelligence model Ernie open-source from June 30, a major shift in strategy as competition heats up.

China and Hong Kong markets faced setbacks with key tech stocks dropping amid rising U.S. tariff concerns. The Hang Seng Tech Index saw dips, despite previous streaks of gains influenced by strong earnings and AI optimism.

Chinese internet giant Baidu said on Tuesday it had purchased social media platform JOYY Inc's livestreaming business for $2.1 billion, a year after it canceled a deal partly because it failed to get government approval.

BIDU and HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)) ("Baidu"), a leading AI company with strong Internet foundation, today announced that Baidu entered into agreements with JOYY Inc and acquired the video-based entertainment live streaming business in mainland China (known as YY Live) previously owned by JOYY.