BEIJING, March 4, 2025 /PRNewswire/ — Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), (“Baidu” or the “Company”), a leading AI company with strong Internet foundation, today announced that it proposes to offer CNY-denominated senior unsecured notes (the “Notes”) in offshore transactions outside the United States to non-U.S. persons in reliance on Regulation S under the United States Securities Act of 1933, as amended (the “Securities Act”), subject to market conditions and other factors (the “Notes Offering”). The principal amount, interest rates, maturity dates and other terms of the Notes will be determined at the time of pricing of the Notes Offering.

The Company intends to use the net proceeds from the Notes Offering for general corporate purposes, including repayment of certain existing indebtedness, payment of interest and general corporate purposes.

The Notes have not been and will not be registered under the Securities Act or any state securities laws. They may not be offered or sold in the United States or to, or for the account or benefits of, U.S. persons (as defined in Regulation S under the Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

This announcement shall not constitute an offer to sell or a solicitation of an offer to purchase any securities, in the United States or elsewhere, and shall not constitute an offer, solicitation or sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. Any offering of securities will be made by means of one or more offering documents, which will contain detailed material information about the Company and its operational and financial performance.

This announcement contains information about the pending Notes Offering, and there can be no assurance that the Notes Offering will be completed.

About Baidu

Founded in 2000, Baidu’s mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on Nasdaq under “BIDU” and HKEX under “9888”. One Baidu ADS represents eight Class A ordinary shares.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Baidu may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in announcements made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Baidu’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Baidu’s growth strategies; its future business development, including development of new products and services; its ability to attract and retain users and customers; competition in the Chinese Internet search and newsfeed market; competition for online marketing customers; changes in the Company’s revenues and certain cost or expense items as a percentage of its revenues; the outcome of ongoing, or any future, litigation or arbitration, including those relating to intellectual property rights; the expected growth of the Chinese-language Internet search and newsfeed market and the number of Internet and broadband users in China; Chinese governmental policies relating to the Internet and Internet search providers, and general economic conditions in China and elsewhere. Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and other documents filed with the Securities and Exchange Commission, and announcements on the website of the Hong Kong Stock Exchange. Baidu does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of the press release, and Baidu undertakes no duty to update such information, except as required under applicable law.

View original content:https://www.prnewswire.com/news-releases/baidu-announces-proposed-offering-of-cny-denominated-senior-notes-302392310.html

SOURCE Baidu, Inc.

The Collection Marks Murakami’s Most Extensive Partnership with MLB and Highlights the Los Angeles
Dodgers and Chicago Cubs

Collection Goes On Sale March 7, with Tokyo Event March 8 – 21

Images Available HERE

LOS ANGELES, March 5, 2025 /PRNewswire/ — In celebration of the 2025 MLB Tokyo Series taking place March 18-19 at the Tokyo Dome between the Chicago Cubs and the defending World Series champion Los Angeles Dodgers, Fanatics and Complex are unveiling the Takashi Murakami x MLB Tokyo Series collection.

The exclusive partnership highlights the collaboration between the renowned Japanese contemporary artist Takashi Murakami and Major League Baseball (MLB), bringing together two cultural icons to celebrate two of the league’s most storied teams for a limited-edition collection of collectibles and merchandise. The collection celebrates the deep cultural connection between America’s favorite pastime and its influence in Japan. Featuring Murakami’s iconic vibrant colors and playful motifs, the exclusive series brings a fresh, artistic perspective to MLB merchandise and memorabilia, making it a must-have for baseball fans, art enthusiasts and collectors.

The collection goes on sale March 8 at 2:00 AM JST online on the Fanatics app, Complex.com, and MLBShop.JP and will be available at the Fanatics and Complex Tokyo pop-up event March 8-21 and the MLB SHOP at Tokyo Dome Mar 14-19. The collection will also be on display at the MLB SHOP at Miyashita Park from Mar 6-23.

Complex Tokyo Pop-Up Event

An exclusive pop-up event will be held in Tokyo at 1 Chome-20-6 Jingumae, Shibuya, Tokyo 150-0001 from Saturday, March 8 – Friday, Mar 21 beginning at 11:00 AM JST. The event will showcase the limited-edition merchandise, Murakami-inspired installations, and historical MLB vignettes, offering fans a chance to engage with both the collection and Murakami’s visionary artwork.

Reservations are required and can be made at: https://t.livepocket.jp/t/l92b6.

Important Notes for Tokyo pop-up entry:

All visitors must reserve a 30-minute time slot on https://t.livepocket.jp/t/l92b6 before arrival. Only visitors with confirmed reservations will be allowed entry with line up for entry beginning on March 8 at 10:50 AM JST.Entry Restriction Period: March 8, 2025 – March 21, 2025Limit: One entry per person per day during the restriction period. Customers will be limited to three items total per visit.Limited Stock: Items will sell out once stock runs out.Sales Methods May Change: Adjustments may be made based on demand and logistics, please check website and social for updates.For real-time updates, please follow @universal_music_store_harajukuVisit the official website https://t.livepocket.jp/t/l92b6 for more information.

Takashi Murakami x MLB Tokyo Series Collection

The Fanatics and Complex collaboration brings together two of MLB’s most iconic teams: the Los Angeles Dodgers and Chicago Cubs, infusing Murakami’s signature style across an array of exclusive products from global sports platform Fanatics, including Nike MLB t-shirts and hoodies, alongside signature pieces – official Nike Los Angeles Dodgers and Chicago Cubs MLB Limited jerseys. The Fanatics apparel collection, which will incorporate Murakami’s iconic floral artwork, will also be available on individual player Nike MLB Limited jerseys for Dodgers players Shohei Ohtani, Yoshinobu Yamamoto, Mookie Betts and Freddie Freeman and Cubs players Shota Imanaga, Seiya Suzuki, and Dansby Swanson. Fanatics Collectibles – which owns the brand Topps – will also be a part of this partnership, with a trading card set featuring Murakami’s artwork.  The chase card in that limited-offering set: a one-of-one dual-autograph card of Murakami and Ohtani, sure to be one of the most desirable and rare cards of all time.

In addition to wearable merchandise, the collection will also include New Era 59FIFTYs, knits and adjustable caps, Rawlings® baseballs, Victus bats, totes, keychains and more.

As part of the collaboration, Murakami’s Ohana Hatake, a first-of-its-kind brand led by the legendary artist, will introduce two brand new, limited-edition slides. The new release embodies Murakami’s iconic flower motif and showcases the Chicago Cubs and Los Angeles Dodgers logos on the inventive Surippa Ohana silhouette.

For more information on the Takashi Murakami x MLB Tokyo Series collection, please visit: the Fanatics App, Complex.com and follow MLB, Complex and Fanatics.

ABOUT FANATICS
Fanatics is building a leading global digital sports platform. We ignite the passions of global sports fans and maximize the presence and reach for our hundreds of sports partners globally by offering products and services across Fanatics Commerce, Fanatics Collectibles, and Fanatics Betting & Gaming, allowing sports fans to Buy, Collect, and Bet.

Through the Fanatics platform, sports fans can buy licensed fan gear, jerseys, lifestyle and streetwear products, headwear, and hardgoods; collect physical and digital trading cards, sports memorabilia, and other digital assets; and bet as the company builds its Sportsbook and iGaming platform.

Fanatics has an established database of over 100 million global sports fans; a global partner network with approximately 900 sports properties, including major national and international professional sports leagues, players associations, teams, colleges, college conferences and retail partners, 2,500 athletes and celebrities, and 200 exclusive athletes; and over 2,000 retail locations, including its Lids retail stores. Our more than 22,000 employees are committed to relentlessly enhancing the fan experience and delighting sports fans globally.

For additional information please visit www.fanaticsinc.com

ABOUT COMPLEX
Complex is the definitive platform for global youth culture and music lifestyle, seamlessly integrating cutting-edge content, commerce and live experiences with unparalleled scale.

Whether through video, long-form text, or social media, Complex tells stories of streetwear and style, music, sports, art and beyond. Its content engages in a dynamic conversation with the audience, reflecting and shaping the zeitgeist of convergence culture.

A powerful media juggernaut paired with a curated marketplace, Complex is redefining the way fans interact with their favorite brands and artists and reshaping the future of digital culture and commerce. Complex’s strategic partnership with Universal Music Group will deliver unparalleled experiences and exclusive collaborations to passionate music fans.

ABOUT TAKASHI MURAKAMI
The originator and proponent of Superflat theory, which reconstructs Japanese traditional paintings and the origin of Japanese contemporary art through visual premises of anime and manga. Murakami has created numerous characters including Miss Ko2 and Mr. DOB that reflect the otaku culture and presents them in the forms of intentionally kitsch sculptures and acutely two-dimensional paintings antithetical to the Western perspective techniques. Murakami’s cultural theory based on subcultures not only deconstructs the highbrow/lowbrow hierarchy but critically illustrates the post-World War II Japanese psychology, establishing a discourse unique to Japan in the increasingly globalizing art scene. The artist continues to attract a wide-ranging audience beyond contemporary art through his multifaceted activities including his collaboration with Louis Vuitton and focuses on street culture and contemporary ceramics. The final installment of his Superflat trilogy of curated exhibitions, Little Boy: The Arts of Japan’s Exploding Subculture (New York, 2005), was awarded The Best Thematic Museum Show in New York by AICA that year. His first retrospective, ©MURAKAMI (2007 – 2009) toured four cities in North America and Europe, starting with the Museum of Contemporary Art, Los Angeles. He has since been holding major solo exhibitions around the world, including at the Palace of Versailles (2010), Al RiwaqExhibition Hall (Doha, 2012), the Mori Art Museum (Tokyo, 2015), the Garage Museum of Contemporary Art (Moscow, 2017), Tai Kwun Contemporary (Hong Kong, 2019), The Broad (Los Angeles, 2022), Asian Art Museum of San Francisco (San Francisco, 2023), and Kyoto City KYOCERA Museum of Art (Kyoto, 2024).

ABOUT MAJOR LEAGUE BASEBALL
Major League Baseball (MLB) is the most historic professional sports league in the United States and consists of 30 member clubs in the U.S. and Canada, representing the highest level of professional baseball. Led by Commissioner Robert D. Manfred, Jr., MLB has achieved back-to-back attendance gains for the first time in 12 years with an overall increase of +11% and 80% of Clubs welcoming more fans over the last two seasons following extensive rule changes that have improved the quality of play on the field. With the 2024 season featuring the best time of game in 40 years and the most stolen bases in 109 years, MLB viewership increased across all its national media partners, grew international viewership by +18%, set another record for MLB.TV streaming with more than 14 billion minutes watched and earned League of the Year honors from Sports Business Journal and the CLIOS.  As the league increased its marketing efforts and promotion of star players like 2024 NL MVP Shohei Ohtani and 2024 AL MVP Aaron Judge, MLB has significantly increased its younger fan base as evidenced through viewership, social media, ticket purchasing, and participation metrics.  Through its MLB Together social responsibility efforts, MLB remains committed to making a positive impact in the communities of the U.S., Canada and throughout the world.  With the continued success of MLB Network, MLB digital platforms and local media production and distribution, MLB continues to find innovative ways for its fans to enjoy America’s National Pastime and a truly global game. To learn more about MLB, please visit www.mlb.com.

Photo – https://mma.prnewswire.com/media/2633979/Complex_2025_MLB_TOKYO_SERIES.jpg 
Logo – https://mma.prnewswire.com/media/2425300/5199214/Complex_Logo.jpg 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/fanatics-and-complex-present-takashi-murakami-x-mlb-limited-edition-collection-for-2025-mlb-tokyo-series-with-tokyo-pop-up-event-302392330.html

SOURCE Complex

BARCELONA, Spain, March 5, 2025 /PRNewswire/ — SK Telecom (NYSE: SKM) today announced that it has signed a Memorandum of Understanding (MoU) with Giga Computing, a leader in liquid cooling technology, and SK Enmove to jointly develop next-generation cooling solutions.

Under this MoU, the three companies will collaborate on extensive research and development (R&D) efforts, including validating technologies to optimize liquid cooling performance and developing artificial intelligence data center (AIDC) solutions.

Giga Computing will contribute its expertise in liquid cooling solutions, while SK Enmove will supply high-quality cooling fluids, leveraging its technological capabilities and competitiveness in the high-quality lubricants market.

The cooperation will focus on optimizing and validating all three liquid cooling methods commonly used in data centers — Direct Liquid Cooling (DLC), Immersion Liquid Cooling (ILC) and Precision Liquid Cooling (PLC). Additionally, the companies will develop a liquid cooling package solution by conducting operational verification, which houses GPU and NPU servers.

Through this global partnership, SK Telecom aims to enhance its capabilities in designing and operating next-generation cooling technologies that minimize power consumption and heat generation — key factors in AIDC operations. Furthermore, the company plans to leverage its advancements in cooling technology to strengthen the AIDC competitiveness of the SK Group as a whole.

“Our partnership will accelerate the development of liquid cooling solutions, a key next-generation technology for AIDCs,” said Yang Seung-hyun, Head of AI R&D Center at SK Telecom. “SK Telecom is committed to becoming a global leader in AIDC operations with unique capabilities through collaboration with global leading companies.”

“As a market leader in cooling fluids, SK Enmove will leverage this collaboration to drive the growth of the liquid cooling market with optimized cooling fluids that can maximize data center energy efficiency and further solidify our position as a leader in energy efficiency,” said Kim Dae-jung, Head of the Green Business Unit at SK Enmove.

“As AI and high-performance computing continue to advance, liquid cooling has become a critical technology for building sustainable data centers,” said Daniel Hou, General Manager of Giga Computing. “Through our collaboration with SK Telecom and SK Enmove, Giga Computing will leverage its expertise in liquid cooling solutions to drive energy efficiency and innovation in data center infrastructure. We look forward to jointly developing next-generation cooling technologies that enable more efficient and environmentally sustainable AIDC operations.”

About SK Telecom

SK Telecom has been leading the growth of the mobile industry since 1984. Now, it is taking customer experience to new heights by extending beyond connectivity. By placing AI at the core of its business, SK Telecom is rapidly transforming into an AI company with a strong global presence. It is focusing on driving innovations in areas of AI Infrastructure, AI Transformation (AIX) and AI Service to deliver greater value for industry, society, and life.

For more information, please contact skt_press@sk.com or visit our LinkedIn page www.linkedin.com/company/sk-telecom.

View original content:https://www.prnewswire.com/apac/news-releases/sk-telecom-signs-mou-with-giga-computing-and-sk-enmove-on-liquid-cooling-technology-302392332.html

SOURCE SK Telecom