Baidu Delivers More Bad News to Investors as China Curbs Ads

Updated on
  • Government curbed the amount of ads the search engine can show
  • Second-quarter profit, revenue forecast missed expectations

Baidu's Forecast Misses Estimates on New Ad Rules

Baidu Inc. warned that restrictions on online advertising will hurt revenue growth for the next two to three quarters, delivering the latest dose of bad news to investors in China’s largest internet search service.

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