Baidu could see further gains thanks to its advancements in AI—including Ernie Bot and self-driving technology—and by being one of the few publicly traded companies

The metaverse race is heating up in China. Just like Meta and Microsoft in the U.S., Chinese firms such as Baidu and Tencent are investing in the nascent industry, but strict tech regulations mean China’s virtual worlds are set to offer very different user experiences.

Baidu said on Tuesday it has bought JOYY's China live-streaming business for about $2.1 billion, reviving a deal that fell through a year ago, as the search giant doubles down on the fast-growing digital video market.

Baidu and CATL will work together to develop driverless vehicles and business models, using CATL's technology. Baidu's robotaxi service has reached 1.1 million paid rides.

When small Chinese artificial intelligence (AI) company DeepSeek released a family of extremely efficient and highly competitive AI models last month, it rocked the global tech community. The release revealed China's growing technological prowess.

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.