REUTERS: China’s Baidu Inc reported a 25per cent rise in quarterly revenue on Tuesday, powered by advertising on its core search and video-streaming platforms.
The company, also known as China’s Google, said total revenue rose to 28.13 billion yuan (US$4.38 billion) from 22.55 billion yuan in the first quarter, topping analysts’ average estimate of 27.25 billion yuan, according to IBES data from Refinitiv.
(US$1 = 6.4228 Chinese yuan renminbi)
(Reporting by Eva Mathews in Bengaluru; Editing by Maju Samuel)
Source: Reuters
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