In response to reports of a spin-off of Baidu Apollo, Baidu vice-president and general manager of the intelligent driving group Li Zhenyu said on Wednesday in a meeting that the company will not do that and the unit has no financing plan so far.

Baidu Apollo hasn't turned a profit in the past 7 years and may not in the near future. But the unit will stick to their commitment in the sector. 

In terms of the Baidu's detailed investment amount into Baidu Apollo, Li refused to disclose, saying it must be larger than Didi's.