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Tag: Baidu

Baidu’s revenues stagnate as the company struggles to make money from AI

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Baidu’s revenues stagnate as the company struggles to make money from AI

(Bloomberg) — Baidu Inc.’s revenue fell, reflecting difficulties in transitioning from search ads to artificial intelligence during China’s economic downturn. Most read by Bloomberg Revenue for the three months through June fell 0.4 percent to 33.9 billion yuan ($4.7 billion), compared with forecasts of 34.1 billion yuan. Net profit was 5.5 billion yuan, compared with […]

The story of Walmart and JD.com

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The story of Walmart and JD.com

CLN CraneShares JD & Walmart: Since 2016 Walmart and JD.com first joined forces on June 20, 2016, when Walmart traded its Chinese e-commerce business called Yihaodian for a 5 percent stake in JD.com (145 million shares) valued at $1.5 billion when JD.com’s U.S. listing was at $21.06. The stake was increased to a total of […]