Baidu reports Q2 revenue up 15% YoY to ~$4.7B, vs. ~$4.6B est., and net income up 43% YoY to ~$714M, and awaits Beijing's approval to roll out its ChatGPT rival (Zheping Huang/Bloomberg)

Zheping Huang / Bloomberg:

Baidu reports Q2 revenue up 15% YoY to ~$4.7B, vs. ~$4.6B est., and net income up 43% YoY to ~$714M, and awaits Beijing's approval to roll out its ChatGPT rival  —  - The company reported a larger than projected 15% jump in sales  — It's riding a bounce-back in advertising from Covid depths

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