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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