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China's Baidu reports 1st-ever quarterly loss since 2005 IPO
short by Kanishka Pandey / on Sunday, 19 May, 2019
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%.
read more at Reuters