Stock Markets8 minutes ago (May 18, 2021 05:51AM ET)© 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.