Reported 1 day ago
Baidu reported a 3% dip in third-quarter revenue, indicating ongoing weakness in advertising spending as consumer demand remains low despite government stimulus efforts. The company's reliance on online advertising makes it vulnerable to economic slowdown, but gains in its AI Cloud segment have helped offset some losses. Although there's cautious optimism for recovery, Baidu CEO Robin Li noted minimal improvement in spending patterns so far in Q4.
Source: YAHOO