{"id":643629,"date":"2026-08-18T13:30:26","date_gmt":"2026-08-18T13:30:26","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/643629\/"},"modified":"2026-08-18T13:30:26","modified_gmt":"2026-08-18T13:30:26","slug":"chinas-baidu-betting-on-ai-posts-fifth-straight-quarterly-revenue-drop","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/643629\/","title":{"rendered":"China’s Baidu, betting on AI, posts fifth straight quarterly revenue drop"},"content":{"rendered":"

\"\"<\/a> Baidu has for years heralded the potential of artificial intelligence in China (-) <\/p>\n

Baidu posted a fifth straight drop in quarterly revenue on Tuesday as the Chinese tech giant expressed confidence in its transition to artificial intelligence services to drive long-term growth. <\/p>\n

The Beijing-based search engine provider, sometimes called China’s Google, has for years heralded the potential of AI in the country. <\/p>\n

Baidu pushed aggressively into AI by recruiting prominent researchers and with the release of its “Ernie” tool — one of China’s first AI chatbots. <\/p>\n

Revenue during the second quarter of the year came to 31.3 billion yuan ($4.6 billion), an unaudited financial report showed, a four-percent year-on-year drop. <\/p>\n

The figure represented the fifth straight quarter with declining revenue. <\/p>\n

Operating income was 3 billion yuan during the three-month period ending June 30, the report showed, down from 3.3 billion yuan a year earlier. <\/p>\n

With cash flows still largely generated by marketing on its search platform, Baidu has suffered in recent years from a pronounced slump in Chinese consumer spending. <\/p>\n

“While our online marketing business remains under pressure, the growing momentum in our core AI-powered Business reaffirms Baidu’s transition from an internet-centric company to an AI-first company,” the firm’s chief executive Robin Li said in a statement. <\/p>\n

That AI momentum “strengthens our confidence in our long-term growth potential”, Li said. <\/p>\n

Revenue from Baidu’s AI business, including applications and supporting infrastructure, was 12.5 billion yuan in the second quarter, up 25 percent year-on-year. <\/p>\n

Meanwhile revenue from online marketing services was 13.1 billion yuan, down 19 percent compared with the same period a year earlier. <\/p>\n

Highlighting a nagging consumption slump, China’s retail sales grew at a slower pace in July, official data showed on Monday. <\/p>\n

Data released by the National Bureau of Statistics showed retail sales grew 0.6 percent in July, well below the 1.5-percent forecast in a Bloomberg survey and down from the one-percent increase seen in June. <\/p>\n

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