Baidu announces sharp rise in annual net income
Published
Beijing (AFP) Feb 28, 2024
Chinese internet giant Baidu announced a 169 percent jump in annual net income Wednesday, in a positive sign for the country's technology sector as broader economic turbulence persists. Following years of ballooning growth, China's leading tech firms have faced unprecedented challenges more recently, as authorities pursue greater regulatory oversight. The crackdown has resulted in the lo