International Companies

Baidu profits slide as AI transition weighs on legacy business

By Benjamin Chiou

Date: Tuesday 18 Aug 2026

(Sharecast News) - Baidu reported another drop in its financial performance in the second quarter on Tuesday, as rapid growth in artificial intelligence businesses failed to offset continued weakness across its legacy operations.
Total revenues fell 4% year-on-year to CNY31.33bn, while net income attributable to Baidu dropped 68% to CNY2.3bn, from...

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