Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888) reported its second quarter 2021 results on August 12, 2021. The company, which operates a powerful internal network of AI capabilities, announced that its second quarter 2021 revenues were RMB 26,034 million, up 20% year-over-year. The growth was driven by the rapid expansion of its AI business, which saw revenues increase by 71% year-over-year. The company's core business also saw a revenue increase of 27% year-over-year, with AI cloud, autonomous driving, and smart assistant services contributing to the growth. The company's net income to Baidu was RMB 3,579 million, down 90% year-over-year, while its adjusted net income to Baidu was RMB 25,082 million, up 25% year-over-year. The company's adjusted EBITDA was RMB 27,771 million, up 3% year-over-year.
