Robin Li, the CEO of Baidu, mentioned in an internal new year memo that the revenue for 2018 reached RMB 100 billion ($15 billion), mostly driven by mobile search and feed ads from Baidu App, as well as its backed short video app, Haokan. Despite the slowdown of economic growth, Baidu’s restructuring seems working well by achieving such a great financial outcome, and Robin has called Baidu a “pioneer in China’s economic reform and opening”.
