Baidu Beats Fourth-quarter Revenue Estimates, Flags Chatbot Launch

Baidu Beats Fourth-quarter Revenue Estimates, Flags Chatbot Launch

(Reuters) – China’s Baidu Inc beat revenue estimates for the fourth quarter on Wednesday, bolstered by strength in its advertising, cloud and artificial intelligence businesses, sending its U.S.-listed shares up 7% in premarket trading. The search engine giant, which generates most of its revenue from online ads, is seeing advertisers return after China lifted its…

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Private credit investments surged 89% in 2022 – report

By Chiara Elisei LONDON (Reuters) – Private credit and infrastructure investments across emerging and developing markets surged to record levels in 2022 as borrowers looked for alternative financing options amid rising interest rates, according to a report published on Wednesday. The Global Private Capital Association (GPCA) said private credit investment saw the largest rise, growing…

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