FILE PHOTO: A sign of Baidu is seen on a glass at its booth during the Digital China exhibition in Fuzhou, Fujian province, China May 5, 2019. REUTERS/Stringer
Revenue from iQIYI jumped 15% to 7.11 billion yuan , as the service crossed the 100 million subscriber mark in June this year, despite stiff competition from rivals including ByteDances’s TikTok. Total revenue rose to 26.33 billion yuan from 25.97 billion yuan a year earlier, beating estimate of 25.77 billion yuan, according to IBES data from Refinitiv.
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Baidu has lost over $60 billion in value since its peak — now earnings are expected to fall furtherBaidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit. Undervalued deserved I need to read about this, it’s baffling losing that much and expected to lose even more
Source: CNBC - 🏆 12. / 72 Read more »
Small business confidence drops to a low as U.S.–China trade war rattles Main StreetSmall business owners across the nation are worried about the U.S.–China trade war. The CNBC|SurveyMonkey Small Business Survey for the third quarter finds confidence dropping to a level it has not seen since 2017, matching an all-time low. MakeIt Oh man. Well we should just keep losing hundreds of billions a year to China then.... MakeIt Still not the consumer LOL MakeIt 2007 50% no effect. 2019 49% no effect. so no effect. BTW, buy from elsewhere other than funding the superpower dictatorship in human history!
Source: CNBC - 🏆 12. / 72 Read more »