Baidu has released its 2024 financial report, revealing a fourth-quarter revenue of 34.1 billion yuan, marking a 2% year-over-year decline, with a net profit of 5.2 billion yuan. For the full year, total revenue amounted to 133.1 billion yuan, a 1% decrease from the previous year, accompanied by a net profit of 23.8 billion yuan. Baidu CEO Li Yanhong emphasized that the company has dedicated over a decade to autonomous driving, establishing a globally leading position through its Luobo Kuaipao business. He highlighted that 2025 is a crucial year for the expansion of Luobo Kuaipao, anticipating significant growth in both fleet size and travel service volume. To achieve this growth, Baidu is actively seeking partnerships and adopting an asset-light model, aiming to expand its scale while maintaining operational flexibility. Li Yanhong recognizes that the autonomous driving market is still in its nascent stages, and views competition as a catalyst for market development. Baidu remains committed to delivering safer, more convenient, and comfortable travel services to its users.