China's Baidu posts 3% fall in Q3 revenue, meeting market view

China's Baidu posts 3% fall in Q3 revenue, meeting market view

Baidu sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song

Baidu reported a 3% fall in thirdquarter revenue on Thursday, meeting market estimates, as China’s biggest internet search provider grappled with weak spending on its advertising services in a sluggish economy.