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Weak ad demand hits Baidu core business as quarterly revenue declines 7%

Baidu reported weaker numbers on Tuesday after the company said quarterly revenue fell 7% as its ad business slumped again. The Chinese company told investors that total sales came in at "31.17 billion yuan" ($4.38 billion), a figure pulled from data reviewed by LSEG. Baidu also said its U.S.-listed shares were "little changed" in early [...]

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