News Snapshot:
Baidu revenue beats estimates; to buy JOYY’s China live-streaming unit By Ayanti Bera and Yingzhi Yang comments November 16, 2020 A employee uses his mobile phone as he walks past the company logo of Baidu at its headquarters in Beijing (Reuters) – Chinese search engine leader Baidu Inc booked a 1% rise in quarterly revenue, beating market estimates, and said it will buy streaming platform YY Live from social media firm JOYY Inc for about $3.6 billion to help diversify revenue sources. Baidu earns the bulk of its revenue from advertising sales on its core search platform. Ad spending hit...
