Baidu reports $4.8B in Q2 revenue, up 20% YoY and beating estimates, and $90M net loss after writing down shares in Kuaishou, which sank 28% across the quarter (Zheping Huang/Bloomberg)
Baidu reports $4.8B in Q2 revenue, up 20% YoY and beating estimates, and $90M net loss after writing down shares in Kuaishou, which sank 28% across the quarter (Zheping Huang/Bloomberg) https://bit.ly/2XnUtL5
Baidu reports $4.8B in Q2 revenue, up 20% YoY and beating estimates, and $90M net loss after writing down shares in Kuaishou, which sank 28% across the quarter — - Search giant swung to a loss after marking down Kuaishou stake — Shares of Baidu fell in pre-market trading in New York
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