Around the Net

Baidu Spent Nearly $2.5B To Ramp Up Products In Q2 2021

  • Reuters, Thursday, August 12, 2021 2:18 PM
Baidu's quarterly earnings results topped Wall Street estimates on Thursday, as the Chinese search giant benefited from a rebound in advertising and higher demand for its artificial intelligence and cloud products, according to Reuters. The company, Google's biggest competitor in China, reported spending about $2.45 billion in the quarter to ramp up its products, up 21% compared with a year earlier.

Read the whole story at Reuters »

Next story loading loading..