09:45
2026-08-18
scmp.com
artificial-intelligence
Baidu’s quarterly revenue drops 4% as AI cloud surge fails to offset advertising slump
Baidu reported a 4% year-on-year decline in second-quarter revenue to 31.3 billion yuan (US$4.62 billion), missing the 31.6 billion yuan consensus estimate, as online marketing revenue fell 19% to 13.…