Baidu beats quarterly revenue estimates

Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021. REUTERS/Florence Lo/File Photo

Aug 30 (Reuters) – China's search engine giant Baidu Inc beat quarterly revenue estimates on Tuesday, driven by a recovery in advertising sales and higher demand for its cloud products.

Total revenue stood at 29.65 billion yuan ($4.43 billion) in the second quarter, compared with analysts' average estimate of 29.30 billion yuan, according to Refinitiv data.

(1 Chinese yuan = $0.1449)

Reporting by Yuvraj Malik in Bengaluru; Editing by Sherry Jacob-Phillips

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Source:www.reuters.com