China tech slowdown: Baidu quarterly revenue dips on weak consumer demand; AI bets, robotaxi push offer growth hope
Baidu, the Chinese internet giant, reported a 4% year-on-year revenue decline in the second quarter, impacted by weak domestic consumption. Despite this, net profit rose ...
Tencent earnings surge on AI boost, Q2 revenue up 15% as gaming sales jump 35% amid global competition
Tencent’s Q2 revenue surged 15% year-on-year, exceeding expectations, driven by AI integration across its gaming portfolio and WeChat. Domestic game sales increased by 17%, while ...
