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May 17, 2019 12:08 am GMT

Baidu, Chinas answer to Google, reports first quarterly loss since 2005

Baidu, widely seen as the Google of China, felt the heat from its spending on artificial intelligence and other next-gen technologies that have yet to reach the mass market as it unveiled troubled first-quarter financials on Thursday. The company logged a net loss attributable to shareholders of $49 million in the quarter ended March 31, […]

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