On Feb. 18, Baidu released its fourth-quarter earnings report, showing a 2% year-over-year decline in overall revenue, totaling RMB 34.1 billion ($4.77 billion). According to the report, the drop comes amid challenges in online marketing revenue, which totaled RMB17.9 billion ($2.46 billion), decreasing 7% year over year. However, the company’s AI cloud business stood out, … Continue reading Baidu Q4 financial report: AI Cloud revenue surges, offsets losses