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Tech Scurry

Baidu: What the crisis of Baidu means for companies

After years of success Baidu is now in serious trouble. The main culprits are Wechat and the Walled Gardens, which hide search results. Like Google, the Chinese search engine Baidu earns the most money through paid ads. After many years of spurting profits, the company is facing major problems. Turnover stagnated in 2019 compared to previous years at 26.3 billion yuan (3.3 billion euros), the share price has plummeted since the beginning of the year by more than 60 percent ... read more on t3n.de ...