Reported about 2 months ago
Baidu reported flat revenue for the second quarter, amounting to 33.93 billion yuan ($4.67 billion), as a sluggish Chinese economy hampered advertising spending. Despite a decline in online marketing revenue and an 8% drop in net income to 7.4 billion yuan, the results exceeded analysts' expectations. Baidu continues to invest in AI technologies and autonomous vehicles as part of its strategic transformation.
Source: YAHOO