News Formal

Baidu says first-quarter revenue may tumble as coronavirus takes toll on business, advertising

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 66%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Baidu Inc, China's biggest search engine company, said first-quarter revenue could fall as much as 13per cent from a year earlier as the ...

Baidu Inc, China's biggest search engine company, said first-quarter revenue could fall as much as 13per cent from a year earlier as the coronavirus epidemic puts the brakes on economic activity and advertising.

"The rebound of the economy after the outbreak will continue to be a long-term project," Baidu CEO Robin Li said in an internal letter obtained by Reuters. Its contents were later confirmed by the company. Baidu executives stressed, however, that they believed a gradual pick up in business was underway and that advertising demand would rebound as the epidemic ends.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 6. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

US stocks drop more than 4%, extending rout amid coronavirus fearsNEW YORK: Wall Street stocks tumbled again on Thursday (Feb 27) as further spread of the coronavirus exacerbated fears of a global slowdown and ...
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »