News Snapshot:
- A + A BENGALURU/BEIJING (Nov 16): 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 US$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 lows earlier this year during Covid-19 lockdowns but has picked up in tandem with an economy which, in September, saw retail sales gain and industrial output exceed market expectations. "Our revenue growth turned positive in the third...
