Baidu, Inc. (NASDAQ:BIDU) Q4 2019 Earnings Conference Call - Final Transcript

Feb 27, 2020 • 08:15 pm ET


Baidu, Inc. (NASDAQ:BIDU) Q4 2019 Earnings Conference Call - Final Transcript


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Hello and thank you for standing by for Baidu's Fourth Quarter and Full Year 2019 Earnings Conference Call. At this time, all participants are in a listen-only mode. After management's prepared remarks, there will be a question-and-answer session. [Operator Instructions] I would now like to turn the meeting over to your host for today's conference Juan Lin, Baidu's Director of Investor Relations. Please go ahead.

Juan Lin

Hello, everyone, and welcome to Baidu's Fourth Quarter and Full Year 2019 Earnings Conference Call. Baidu's earnings release was distributed earlier today. And you can find a copy on our website as well as on Newswire services. On the call today, we have Robin Li, our Chief Executive Officer; Herman Yu, our Chief Financial Officer; and Dou Shen, our Senior Vice President and in-charge of Baidu's Mobile Ecosystem Group, our search and feed business.

After our prepared remarks, we will hold a Q&A session. Please note that the discussion today will contain forward-looking statements made under the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from our current expectations. Potential risks and uncertainties include but are not limited to those outlined in our public filings with SEC, including our Annual Report on Form 20-F. Baidu does not undertake any obligation to update any forward-looking statement except as required under applicable law.

Our earnings press release and this call include discussions of certain unaudited non-GAAP financial measures. We have made minor adjustments to our non-GAAP measures and retroactively applied these changes for comparison purposes. Our press release contains a reconciliation of the unaudited non-GAAP measures to the unaudited most directly comparable GAAP measures and is available on our IR website at As a reminder, this conference is being recorded. In addition, a webcast of this conference call will also be available on Baidu's IR website.

I will now turn the call over to our CEO, Robin.

Robin Li

I'd like to start the call by sending prayers to Wuhan and all the people who have worked so diligently and unselfishly to contain the novel coronavirus. We have strong faith in the concerted and courageous efforts that have been made to combat the epidemic outbreak.

At Baidu, many of our employees have chipped in, forgoing the extended Chinese New Year holidays and working overtime, to help contain the epidemic outbreak. For example, we leveraged our facial recognition and other AI technologies to deploy fever screening systems to railway stations, hospitals and municipal buildings across China.

Our systems remotely measure the temperatures of up to 200 people per minute, detect body temperature even for people wearing face masks and hats, and identify those who are not wearing masks or wearing them improperly. Baidu's AI model has been open sourced to further help reduce the spread of the coronavirus.

On Baidu App, we launched a free healthcare consultation platform to allow people to access doctors online, ask pneumonia-related questions and