Baidu swings to net loss for first time since listing, shares fall
Baidu's logo is pictured at the 2018 Baidu World conference and exhibit to showcase its latest AI technology in Beijing, China, November 1, 2018. REUTERS/Jason Lee/File Photo/ (Reuters) - Chinese search engine operator Baidu Inc booked its first quarterly loss since at listing in 2005 and forecast quarterly revenue below market estimates, saying a "challenging marketing environment" is sapping income from advertisers. The tech giant also pointed to the income impact of heightened government scrutiny of online advertising aimed at reducing ...
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