Baidu releases financial report, blockchain BaaS platform becomes new strategic focus

On February 28, 2020, Baidu (stock code BAIDU) announced unaudited financial reports for the fourth quarter and the year ended December 31, 2019, which separately described the progress of the blockchain BaaS platform, The blockchain platform relying on Baidu Intelligent Cloud is expected to become a new growth engine for technological innovation. In terms of AI services, Baidu has reached a cooperation with Shanghai Pudong Development Bank to jointly build a blockchain alliance to implement cross-bank information verification on the Baidu Blockchain Service (BaaS) platform.