Baidu announces US$5 billion share buyback | 23 February 2023 | Daily Morning Note

Let the Money Talk · Feb 23, 2023 · 5m

Baidu announced a US$5 billion share buyback after reporting better-than-expected revenue, reflecting how its cloud computing service is offsetting an advertising lull during China’s economic downturn. Its shares gained 6 per cent in pre-market US trading.

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