Baidu posts high returns on AI push; Amazon profit slumps as sales surge

A employee uses his mobile phone as he walks past the company logo of Baidu at its headquarters in Beijing, August 5, 2010. REUTERS/Barry Huang/File Photo

Sharpened focus on mobile and AI pushed up sales as well as profit for Chinese search engine Baidu for the quarter ended June. The quarter fared well for e-commerce giant Amazon too in terms of sales, but the profit slumped owing to rapid expansion into new shopping categories.

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