BaiduSustainable Finance FrameworkAugust 20211Baidu OverviewBaidu�s Green and Sustainability VisionCarbon Neutral by 2030IntroductionISustainable Finance FrameworkIIFramework OverviewFramework ScopeUse of ProceedsTable of ContentProject Evaluation and SelectionManagement of ProceedsReportingExternal ReviewIntroduction13Baidu Overview Baidu, Inc. (“Baidu” or the "Company", NASDAQ: BIDU, HKEX: 9888) was founded in 2000 as a search engine platform, and we were an early adopter of artificial intelligence in 2010 to make content discovery on the internet easier. We have also used “Baidu Brain,” our core AI technology engine, to develop new AI businesses.Today, Baidu is already a leading AI company with a strong Internet foundation. We are one of the very few companies in the world that offers a full AI stack, encompassing an infrastructure consists of AI chips, deep learning framework, core AI capabilities, such as natural language processing, knowledge graph, speech recognition, computer vision and augmented reality, as well as an open AI platform to facilitate wide application and usage. Baidu is composed of two segments: (i) Baidu Core, which accounted for over 70% of our revenue in the past three years, and (ii) iQIYI, which made up our remaining revenue.Over the past two decades, Baidu has demonstrated a track record for long-term growth and strong profitability, which has enabled Baidu to invest in a diversified portfolio of products and services with large market opportunities and further improve Baidu�s long-term growth prospects. Through years of investment in research, AI chip design, developer community, patents and talent development, Baidu is turning AI into innovative use cases. Powered by AI, Baidu Core...
