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20.08.25 - 12:00
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Baidu′s revenue dips ahead of intensifying Chinese AI contest (SCMP)
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Baidu's revenue fell, hurt by an economic downturn that is capping its ability to fight bigger rivals in AI and make inroads in new growth areas.
The Ernie chatbot creator's sales in the June quarter came to 32.7 billion yuan (US$4.6 billion), in line with the average of analyst estimates for a 4 per cent decline to 32.74 billion yuan. Net income came to 7.3 billion yuan, versus the projected 3.7 billion yuan.
China's internet search leader is betting big on generative AI to drive future growth,......
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20.08.25 - 11:30
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Baidu Inc. Announces Increase In Q2 Profit (AFX)
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BEIJING (dpa-AFX) - Baidu Inc. (BIDU) reported a profit for its second quarter that Increases, from last yearThe company's earnings came in at RMB7.322 billion, or RMB20.35 per share. This compare......
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16.07.25 - 04:42
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Hong Kong stocks power up on Nvidia resuming chip sales to China (SCMP)
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Hong Kong stocks rose for a fifth straight day amid signs of easing US-China tensions after Nvidia said it would resume sales of some chips to China.
The Hang Seng Index advanced 1 per cent to 24,832.43 at 9.50am local time, the highest level since March 19. The Hang Seng Tech Index jumped 2.8 per cent. On the mainland, the Shanghai Composite Index and the CSI 300 Index were up 0.1 per cent.
Online travel booking agency Trip.com rose 2.8 per cent to HK$504, while search-engine leader Baidu......
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21.05.25 - 11:54
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Baidu Inc. Q1 Profit Rises (AFX)
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BEIJING (dpa-AFX) - Baidu Inc. (BIDU) revealed a profit for its first quarter that increased from the same period last yearThe company's bottom line came in at RMB7.717 billion, or RMB21.59 per sh......
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