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International Business Times
International Business Times
World
AFP News

China's Baidu Posts Weakest Quarterly Revenue Growth In Over A Year

The Baidu logo outside the company headquarters in Beijing (Credit: AFP)

Chinese internet giant Baidu announced Thursday its slowest quarterly revenue growth in over a year, as competition between top players in the country's cutting-edge tech sector intensifies.

Baidu is a key player in China's tech industry, which once charted years of ballooning growth until Beijing imposed a regulatory crackdown on the sector starting in 2020.

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