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Thousand Baidu, a long-standing footwear company, experienced a significant turning point in the first half of 2026. Despite a year-on-year total revenue pressure due to the sale of its toy business, the company achieved revenue of $593 million and successfully turned losses into profits, recording a profit of $67.8 million during the period compared to a loss of $142 million in the same period last year. Notably, after the merger with OriginSmart Data, its revenue growth in the first half of the year became a key increment for Thousand Baidu to achieve profit turnaround, providing crucial support for the company’s…
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