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Baidu Revenue Falls on Ad Weakness

Baidu reported a decline in quarterly revenue as continued weakness in its advertising segment outweighed gains from its growing cloud and artificial intelligence operations. The company has expanded investment in AI infrastructure and enterprise-focused services, contributing to stronger performance in its cloud-related offerings. However, advertising—still its primary revenue source—remained under pressure amid softer economic conditions […]

eBay Cuts Workforce by 6%

eBay has announced plans to reduce its global workforce by approximately 6% as part of a broader effort to streamline operations and realign resources. The move will affect around 800 roles and is aimed at improving efficiency while supporting the company’s evolving strategic direction. Leadership indicated that restructuring is intended to better position the business […]

Grab Targets Profit Growth

Grab plans to use artificial intelligence and expanded digital services to significantly increase profitability by 2028. The company aims to grow revenue steadily while boosting operational efficiency through its integrated platform. New offerings such as grocery delivery and financial products are expected to support this strategy. Leadership highlighted the role of AI in optimizing logistics, […]