Baidu beats quarterly revenue estimates on ad recovery, cloud demand

Baidu beats quarterly revenue estimates on ad recovery, cloud demand

FILE PHOTO: Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021. REUTERS/Florence Lo

China’s Baidu beat analysts’ estimates for first-quarter revenue on Thursday, driven by a recovery in advertising sales and higher demand for its AI-powered cloud products.

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