Baidu ekes out modest revenue growth, as AI competition rises in China
百度在AI竞争加剧的中国勉强实现适度的收入增长
Baidu, China’s search engine and artificial intelligence (AI) giant, reported 1 per cent revenue growth in the first quarter of 2024, in line with consensus estimates, as the Beijing-based company contends with heightened domestic competition amid efforts to commercialise its generative AI initiatives.
中国搜索引擎和人工智能（AI）巨头百度报告称，2024年第一季度收入增长1%，符合市场预期，因为这家总部位于北京的公司正在努力将其生成式人工智能计划商业化，以应对日益激烈的国内竞争。
Non-online marketing revenue rose 6 per cent year on year, driven mainly by Baidu’s AI Cloud business, the company said.
该公司表示，非在线营销收入同比增长6%，主要受百度人工智能云业务的推动。
Baidu’s shares fell less than 1 per cent to close at HK$108.4 ahead of the earnings release on Thursday.
百度股价在周四财报发布前下跌不到1%，收于108.4港元。
