Domino’s Pizza says leaving customer’s religious insult to cops, will act against staff for posting about case onlineBaidu announced today its slowest quarterly revenue growth in over a year, as competition between top players in the country’s cutting-edge tech sector intensifies. — Reuters picBEIJING, May 16 — Chinese internet giant Baidu announced today its slowest quarterly revenue growth in over a year, as competition between top players in the country’s cutting-edge tech sector intensifies.
The firm achieved revenue of US$4.4 billion in the first quarter of 2024, according to an earnings report released Thursday at the Hong Kong Stock Exchange. Baidu faces increasingly formidable competition from domestic rivals including Tencent, the operator of ubiquitous messaging platform WeChat, and ByteDance, the parent company of TikTok.
During a surprise visit to Beijing last month by Tesla boss Elon Musk, reports emerged that the US automaker had entered into an agreement with Baidu regarding the provision of local mapping and navigation services.
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