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China’s Baidu posts 25% rise in quarterly revenue

Stock Markets8 minutes ago (May 18, 2021 05:51AM ET)China's Baidu posts 25% rise in quarterly revenue© Reuters. FILE PHOTO: The logo of Chinese search engine leader Baidu is seen at the company’s headquarters in Beijing, China May 18, 2020. REUTERS/Tingshu Wang/File Photo

(Reuters) – China’s Baidu Inc (NASDAQ:BIDU) reported a 25% rise in quarterly revenue on Tuesday, powered by advertising on its core search and video-streaming platforms.

The company, also known as China’s Google (NASDAQ:GOOGL), said total revenue rose to 28.13 billion yuan ($4.38 billion) from 22.55 billion yuan in the first quarter, topping analysts’ average estimate of 27.25 billion yuan, according to IBES data from Refinitiv.

($1 = 6.4228 Chinese yuan renminbi)China’s Baidu posts 25% rise in quarterly revenueAdd a Comment

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