China's Baidu reports 1st-ever quarterly loss since 2005 IPO

Chinese internet giant Baidu has reported its first quarterly loss in nearly 14 years since it went public in 2005. Nasdaq-listed Baidu also reported a net loss attributable to shareholders of about $47.5 million for the quarter ended March 31, 2019. The Chinese search engine operator warned of a "challenging environment" ahead, saying Q2 revenue could decline up to 3%.