Revenue during the second quarter of the year came to 31.3 billion yuan ($4.6 billion), an unaudited financial report showed, a 4% year-on-year drop. With cash flows still largely generated by marketing on its search platform, Baidu has suffered in recent years from a pronounced slump in Chinese consumer spending.
Revenue during the second quarter of the year came to 31.3 billion yuan ($4.6 billion), an unaudited financial report showed, a 4% year-on-year drop. With cash flows still largely generated by marketing on its search platform, Baidu has suffered in recent years from a pronounced slump in Chinese consumer spending.
<iframe src="https://hindustansphere.com/embed/cluster/0e32bb33fb4124aeaa170c709be8f9bb8fb603ed" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="China's Baidu, betting on AI, posts fifth straight quarterly revenue drop"></iframe>
