“The rebound of the economy after the outbreak will continue to be a long-term project,” Baidu CEO Robin Li said in an internal letter obtained by Reuters. The potential fall for first-quarter core revenue – sales made from advertising – was even steeper, with Baidu forecasting a slide of 10% to 18%. “Baidu will also struggle more than other internet companies in China due to its greater reliance on the advertising market,” said Haris Anwar, an analyst at financial markets platform Investing.com. …read more
Source:: Yahoo Finance
