- 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.
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