Chinese internet giant Baidu posts flat revenue as consumption slumps

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3 months ago

Chinese internet giant Baidu posted flat second-quarter revenue on Thursday, as an uncertain economic outlook in the country weighs on household consumption. Baidu faces stiff competition from fellow Chinese internet giants, such as Tencent, operator of "super-app" WeChat, and ByteDance, creator of TikTok and its local version Douyin.

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Economic Times

Topics:

Baidu

revenue

China

internet

flat

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