Baidu Reports Strong Cloud-Driven Quarterly Revenue

Baidu reported quarterly revenue of 32.74 billion yuan for the quarter ended December, beating analysts' average estimate of 32.62 billion yuan. Growth in its cloud and AI-powered business—whose AI segment rose to 11 billion yuan and represented 43% of general business revenue—helped offset persistent weakness in its advertising unit. The results highlight rising enterprise demand for AI and cloud services in China.