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BAIDU REVENUE DROP
China's Baidu, betting on AI, posts fifth straight quarterly revenue dropRevenue during the second quarter of the year came to 31.3 billion yuan ($4.6 billion), an unaudited financial report showed, a 4% year-on-...- Alibaba's cloud business revenue soars 34% driven by AI boomChina's Alibaba Group posted a 34% jump in revenue from its cloud business in its most recent quarter, buoyed by the boom in artificial int...
- Baidu crashes 75% from peak — is China's AI titan in trouble or just on sale?Baidu stock 2025: Once China's top search engine, Baidu faces challenges. Its stock has declined significantly from its 2021 peak. Online a...
- China's Alibaba says annual revenue up 6% year-on-yearAlibaba reported a 6% rise in annual revenue to 996.3 billion yuan ($138.2 billion), with net income surging 62%. The results signal renewe...
- China's Baidu says DeepSeek success inspired open source moveIn a call following its fourth-quarter 2024 results statement, Baidu CEO Robin Li said the decision to open source its Ernie 4.5 series par...
- Baidu fourth-quarter revenue down 2% as advertising dip offsets AI cloud gainsFor the three months through December, the company reported a revenue of 34.12 billion yuan ($4.69 billion), compared with analysts' estima...
- Alibaba becomes China’s new AI darling with $87 billion rallyAlibaba's Hong Kong-listed shares have jumped 46% since reaching a 2025 low on January 13, adding nearly $87 billion to its market value an...
- Baidu touts AI edge as ad revenue stallsBaidu's comment came amid an AI price war in China, where companies have slashed prices of large language models used to power generative A...
- Wall St rally takes breather as Cisco, Walmart dropWhile money markets have fully priced in a probability that the Fed will hold rates steady in its December meeting, they see about 62% odds...
- Slowdown fears grip China tech despite upbeat salesChinese tech stocks have succumbed to the pull of gravity after investors’ hopes for a swift rebound in growth failed to materialise.
- Baidu beats fourth-quarter revenue estimates, flags chatbot launchThe search engine giant, which generates most of its revenue from online ads, is seeing advertisers return after China lifted its zero-COVI...
- Baidu beats fourth-quarter revenue estimates, announces $5 billion share buybackThe search engine giant, which generates most of its revenue from online ads, is seeing advertisers return after China lifted its zero-Covi...
- Tencent Q3 Results: Revenue down 2% year on year to $19 bnTencent said domestic video games in particular saw a 7 percent decrease in the three months ending September 30, "as transitional industry...
- Tencent Q3 Results: Revenue down 2% year on year to $19 bnThe Hong Kong-listed company, which is the world's top video game maker and the owner of popular super-app WeChat, posted revenues of 140 b...
- Alibaba, Tencent put talks to buy iQIYI stake on hold due to price, regulatory concerns: SourcesBut the discussions have stalled with little hope of recommencing soon as they balk at a valuation of around $20 billion demanded by Baidu ...
- This little-known Chinese startup just hit a valuation of $30 billionWang started Meituan.com in 2010 as a group-buying site similar to Groupon Inc., where people can get discounts by buying electronics or re...
- O2O: Can Baidu’s Robin Li connect people and services through the Web?The top priority of Baidu’s CEO Robin Li is to go O2O, or online-to-offline. Through this push, he plans to connect people and services thr...
- As Nasdaq soars, Alibaba-led dot-com boom starts to fadeAlibaba Group Holding Ltd., one of those still up in price, has dropped 28 per cent from its record high in November.
- Zong Qinghou, head of beverage maker Hangzhou Wahaha, is China’s richest manZong, a member of the Chinese legislature who says he spends just $20 a day, ranks No. 23 globally and trails only Li Ka-Shing & Mukesh Amb...
- Google, Bing out of race as China grants map service licensesGoogle and Microsoft's Bing did not apply for the Internet map service licenses which was granted by China to first batch of 31 Chinese and...
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