Chinese search engine giant Baidu Inc forecast second-quarter revenue above expectations after beating earnings estimates, as the world's second-largest economy reopens after lockdowns imposed to curb the spread of the coronavirus.
"With the pandemic coming under control in China, offline activities are rebounding and Baidu stands to benefit from a restart of the Chinese economy," Chief Executive Officer Robin Li said in a statement.
Source: News Formal (newsformal.com)
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