Baidu – China's search giant bets on AI agents – Cloud business cushions advertising weakness!
Reading Time: 3 minutes
Baidu surpasses revenue estimates, but profit is halved. Cloud revenues rise by 79%, while the advertising business remains under pressure. CEO Li bets on AI agents – Robotaxi hurdles and the planned Kunlunxin IPO shape the story. Cloud boom saves the quarter – advertising revenues continue to decline In the quarter ending March 31, Baidu reported revenues of 32.1 billion yuan (approximately 4.7 billion USD) – a decline of 1.1% year-on-year, but significantly above the analyst consensus of 31.5 billion yuan. This marks the company's...
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