Tag Archives: Baidu profit falls but revenue beats expectations

SHANGHAI: Leading Chinese internet search provider Baidu has announced a 50 percent plunge in net profit for the fourth quarter but revenue beat expectations on growth in its core search business and a push into artificial intelligence (AI). The Beijing-based, Nasdaq-listed company said late Thursday its fourth-quarter profit came in at 2.08 billion yuan ($303 million) in the October-December period. …

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