Baidu Revenue Falls on Ad Weakness

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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 and reduced marketing spending.

Baidu indicated that AI-driven services are becoming an increasingly important part of its business strategy, with enterprise demand rising across sectors.

Despite the revenue dip, the company’s AI-powered divisions accounted for a larger share of overall performance, reflecting ongoing transformation toward technology-led growth.

Leadership reaffirmed commitment to sustained AI investment while also introducing new shareholder-focused initiatives, including plans for a dividend and continued share repurchases.

eBay Cuts Workforce by 6%

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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 for long-term priorities.

The layoffs follow recent investments in growth areas, including secondhand fashion platforms that appeal to younger consumers.

This marks the third workforce reduction since 2023, reflecting continued adjustments in response to shifting consumer behavior and operational needs.

The decision highlights ongoing transformation across the e-commerce sector as companies adapt to changing market dynamics.

Grab Targets Profit Growth

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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, improving customer engagement, and enhancing service delivery. The company is also exploring automated tools to support drivers and merchants.

Grab has shifted from expansion-focused growth to prioritizing sustainable earnings as competition and operating costs evolve across the region.

The approach reflects broader trends among digital platforms seeking to diversify services and deepen user engagement through data-driven innovation.