Baidu’s Revenue Shrinks Under Pressure from ByteDance in Ads
A man using a laptop computer walks past an illuminated sign for Baidu Inc. at the Baidu Technology Park in Beijing, China. (Photographer: Qilai Shen/Bloomberg)

Baidu’s Revenue Shrinks Under Pressure from ByteDance in Ads

(Bloomberg) -- Baidu Inc.’s quarterly revenue shrank 1% and its projections suggest sales could slide again, as rivals like ByteDance Ltd. continue to chip away at its core advertising business.
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