Baidu reports Q4 revenue rose 9% YoY to ~$5.2B as net income drops to ~$269M, as the company transitions from online marketing to components supplier (Zheping Huang/Bloomberg)

Zheping Huang / Bloomberg:
Baidu reports Q4 revenue rose 9% YoY to ~$5.2B as net income drops to ~$269M, as the company transitions from online marketing to components supplier  —  Baidu Inc.'s revenue beat estimates after efforts to monetize artificial intelligence technology helped offset losses in ad sales triggered by China's economic slowdown.