1 of 1
Story summary
- Baidu reported a 4 percent year-on-year decline in second-quarter revenue to 31.3 billion yuan.
- The company posted net profit of 2.3 billion yuan for the quarter.
- Online marketing revenue fell 19 percent to 13.1 billion yuan year over year.
- Revenue from AI-related operations rose 25 percent year on year to 12.5 billion yuan.
- AI cloud revenue increased 50 percent year on year to 7.3 billion yuan.
