China’s Baidu Saw a Growth in Q2 Revenue with AI Boost
Baidu, the largest online search engine in China announced the reports of its total revenue and claimed that it hit 26.0 billion yuan ($3.93 billion), a rise of 32 percent year-on-year in the second quarter of this year.
Around 77 percent of the total net revenues arrived from the mobile revenue which was 72 percent for the same period last year.
"We had another strong quarter in Q2 with search exhibiting robust revenue growth driven by artificial intelligence-powered monetization capabilities and Baidu feed continuing strong traffic and monetization momentum," said Robin Li, chairman and CEO of Baidu.
The net income received by Baidu was 6.4 billion yuan, risen by 45 percent year-on-year in the second quarter. The online marketing revenues were 21.1 billion yuan, which saw a 25 perce...