Zheping Huang / Bloomberg:

Baidu reports Q2 revenue up 15% YoY to ~$4.7B, vs. ~$4.6B est., and net income up 43% YoY to ~$714M, and awaits Beijing's approval to roll out its ChatGPT rival  —  - The company reported a larger than projected 15% jump in sales  — It's riding a bounce-back in advertising from Covid depths

Zheping Huang / Bloomberg:

Baidu reports Q2 revenue up 15% YoY to ~$4.7B, vs. ~$4.6B est., and net income up 43% YoY to ~$714M, and awaits Beijing's approval to roll out its ChatGPT rival  —  - The company reported a larger than projected 15% jump in sales  — It's riding a bounce-back in advertising from Covid depths

Source: TechMeme
Source Link: http://www.techmeme.com/230822/p9#a230822p9