Nov. 21, 2023, 10:40 a.m. |


Zheping Huang / Bloomberg:

Baidu reports Q3 revenue up 6% YoY to ~$4.8B and a ~$940M net income, both above est., as its new AI tools shield the company from China's economic downturn  —  Baidu Inc.'s results beat estimates after China's internet search leader expanded into new businesses such as AI to shield itself from an economic downturn.

ai tools baidu bloomberg china economic economic downturn income q3 revenue reports revenue tools

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