AIThe Next Webabout 2 hours ago
Baidu revenue falls fifth straight quarter
1 min read
Baidu's second-quarter revenue fell 4 percent year on year to RMB31.3bn ($4.62bn), missing forecasts, as online marketing revenue dropped 19 percent. AI Cloud Infra rose 50 percent to RMB7.3bn, while GPU Cloud revenue surged 283 percent. Net income fell 68 percent to RMB2.3bn.
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