(Reuters) – Search engine giant Baidu reported quarterly revenue above market estimates on Thursday, signaling some recovery in the Chinese advertising market.
Revenue in the second quarter was 33.93 billion yuan ($4.67 billion), compared with analysts’ average estimate of 33.55 billion yuan, according to LSEG data.
($1 = 7.14 Chinese yuan renminbi)
(Reporting by Yuvraj Malik in Bengaluru; editing by Alan Barona)
Brought to you by www.srnnews.com