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China's Baidu tops profit estimates on ad sales growth

July 31, 2018 11:27 PM
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(Reuters) - Chinese internet search giant Baidu Inc (BIDU.O) on Tuesday topped Wall Street estimates for quarterly profit on the back of strong growth in its online advertisement business.

Revenue for the segment rose 25 percent to 21.1 billion Chinese yuan ($3.10 billion) in the second quarter.

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