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Baidu exceeds fourth-quarter revenue estimates, announces $5 billion share repurchase

Baidu surpasses fourth-quarter revenue estimates.
Baidu announces a $5 billion share repurchase.
The search engine giant generates most of its revenue from online ads.
Advertisers are returning to Baidu after China lifted its zero-Covid-19 policies, which is a positive sign for the country’s economic prospects.

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