CHINA TOPIX

Baidu Faces Hard Times as Profit Continues to Dwindle

Phenny Lynn Palec   |

Sep 05, 2016 10:34 AM EDT

Baidu, despite holding a near monopoly on the Chinese Internet search business, is facing hurdles as the company's growth shrinks and regulatory agencies are piling pressure on it. Moreover, Baidu is also spending a lot of cash in several acquisitions and deals as part of the company's effort to diversify its profits.