China's Baidu, betting on AI, posts fifth straight quarterly revenue drop

Economic Times TechAugust 18, 2026en

Revenue during the second quarter of the year came to 31.3 billion yuan ($4.6 billion), an unaudited financial report showed, a 4% year-on-year drop. With cash flows still largely generated by marketing on its search platform, Baidu has suffered in recent years from a pronounced slump in Chinese consumer spending.

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