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New areas fortify Baidu finances, sharpen focus on tech investments By OUYANG SHIJIA | China Daily | Updated: 2021-02-19 07:58 Share CLOSE A passenger passes a Baidu Apollo poster at Baiyun International Airport in Guangzhou, Guangdong province, on Jan 3. CHEN YIHANG/FOR CHINA DAILY
Nasdaq-listed Chinese internet giant Baidu Inc delivered better-than-expected fourth-quarter financial results on Thursday, with revenue rising 5 percent year-on-year to 30.3 billion yuan ($4.7 billion), yielding a non-GAAP(generally accepted accounting principles) net profit of 6.9 billion yuan.
Full-year revenue, however, stayed flat at 107.1 billion yuan, generating a non-GAAP net profit of 22 billion yuan, up 21 percent year-on-year, mainly due to the impact of the COVID-19 situation on the larger picture.