Baidu narrows revenue drop in second quarter, CEO optimistic on second half despite headwinds

//Baidu narrows revenue drop in second quarter, CEO optimistic on second half despite headwinds

Baidu narrows revenue drop in second quarter, CEO optimistic on second half despite headwinds

Baidu has warned of headwinds in the second half of the year from geopolitical tensions and the Covid-19 pandemic as the Chinese search engine and artificial intelligence giant narrowed a decline in revenue in the April to June quarter.“With Covid-19 becoming more manageable in China, Baidu's business is steadily rebounding,” said co-founder and CEO Robin Li. “We are pleased that in-app revenue grew in the second quarter, despite a challenging macro environment.”Baidu reported total revenue of…

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By | 2020-08-14T04:38:32+00:00 August 14th, 2020|Technology|Comments Off on Baidu narrows revenue drop in second quarter, CEO optimistic on second half despite headwinds