Baidu Slips Despite Q1 Beats

·2 min read
Baidu Slips Despite Q1 Beats

Chinese tech giant Baidu (NASDAQ: BIDU) scored a pair of beats in its inaugural quarter of 2021, but investors might be more concerned about the company's immediate future. For its Q1, Baidu booked total revenue of 28.13 billion yuan ($4.38 billion), which was 25% higher on a year-over-year basis. Baidu attributed its Q1 success to its ever-continuing push against the edges of technology.