By Charlotte McEleny

Baidu has asserted its confidence in its platform as it revealed its second quarter results, despite experiencing a “tough” second quarter.

The business announced that revenues had grown by 10.2 per cent year-on-year to RMB18.264 billion ($2.748 billion). However, profit fell to RMB2.866 billion ($431.3 million), a 17.4 per cent decrease from the same period in 2015.

Robin Li, Chairman and CEO of Baidu, said: “The challenges Baidu faced in the second quarter served as a healthy reminder to stay focused on the key drivers of growth, sustainability and leadership: delivering the best user experience and staying at the forefront of technology. Read full story ›

Source: The Drum