Baidu reports Q2 revenue up 15% YoY to ~$4.7B, beating ~$4.6B est., and net income up 43% YoY to ~$714M, as China boosts its private sector; BIDU rises 4%+ (Zheping Huang/Bloomberg)

Zheping Huang / Bloomberg:
Baidu reports Q2 revenue up 15% YoY to ~$4.7B, beating ~$4.6B est., and net income up 43% YoY to ~$714M, as China boosts its private sector; BIDU rises 4%+  —  - The company reported a larger than projected 15% jump in sales  — It's riding a recovery in advertising from Covid depths