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Baidu, which accounts for 3.3 percent of the new venture, said in a statement that it is confident about the future of artificial intelligence and how its applications in areas like autonomous driving will fuel new momentum for telecom carriers.

Backed by a gaming specialist, Elernity has been able to apply advanced technologies like virtual reality or VR into its products. Users (students) get immersive experiences from the products' vivid scenarios.

Bai Chunming, a senior official at the Ningxia Hui Autonomous Region Administration of Sport, said the province will actively boost the development of football education.

Baidu's hongbao campaign aims to lure more users to its flagship AI-powered search and news feed app as the company steps up its investment in AI applications, an emerging cash cow for the Nasdaq-listed company.

BYD, the world's largest manufacturers of electric vehicles, announced on Tuesday that it has formed a joint venture with a San Francisco investor that will lease its buses to cities, schools and corporations in the US.