Zheng Quan Ri Bao Zhi Sheng·2026-02-05 16:41Group 1 - Baidu has announced a new share repurchase plan authorized by its board, allowing for the repurchase of up to $5 billion of its shares, effective until December 31, 2028 [1] - The company aims to enhance shareholder value through proactive measures, leveraging its substantial cash reserves and sound financial management [1] - Analysts believe the repurchase plan not only optimizes Baidu's capital structure but also signals confidence in the long-term value of its AI business, helping to stabilize stock prices and boost investor confidence [1] Group 2 - Baidu's board has approved a dividend policy for its common stock, with the first dividend expected to be announced in 2026, contingent on the company's financial performance and market conditions [2] - Future dividends will be supported by sustainable funding sources, primarily from operating profits and potentially supplemented by proceeds from the sale of non-core assets [2] - The initiation of dividends indicates that Baidu's core business has achieved stable and predictable cash flow, particularly with the early success of AI cloud and large model commercialization [2] Group 3 - The combination of share repurchase and dividend policy reflects Baidu's strategic shift from a "high growth narrative" to a "high-quality return" strategy, showcasing its responsibility as a mature tech company [3] - This approach emphasizes Baidu's capability to deliver long-term value to shareholders while maintaining a focus on sustainable growth [3]