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China’s Baidu posts 3% fall in third-quarter revenue, meeting market view

  • Baidu reported a 3% fall in third-quarter revenue, meeting market estimates, amid weak advertising spending in China's sluggish economy.
  • The company's revenue reached 33.56 billion yuan for the September quarter, compared to analysts' average estimate of 33.43 billion yuan.
  • Online marketing revenue declined by 4% to 18.8 billion yuan, despite growth in China's AI market.
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