Baidu has reported drops in operating profit and income in the first quarter of 2017 as the internet giant continues evolution to become AI-first company.
Baidu reported a 9.3% decrease in operating profit to RMB 2 billion ($290 million) and a 10.6% drop to RMB 1.78 billion ($258 million) compared with the first quarter in 2016.
Baidu’s total revenues increased by 6.8% year-on-year to RMB 16.89 billion ($2.45 billion). Mobile represented 70% of the total revenues for Q1 2017, up from 60% in Q1 2016.
Online marketing revenues dipped 1.3% year-on-year to RMB 14.73 billion ($2.141 billion) with Baidu reporting a 23.2% decrease Read full story ›
Source: The Drum
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