Baidu reports Q4 revenue down 1% YoY to ~$4.8B, beating estimates, net income up 189% YoY to ~$718M, iQiyi revenue up 3% YoY to ~$1.1B, and a $5B share buyback (Zheping Huang/Bloomberg)

Zheping Huang / Bloomberg:
Baidu reports Q4 revenue down 1% YoY to ~$4.8B, beating estimates, net income up 189% YoY to ~$718M, iQiyi revenue up 3% YoY to ~$1.1B, and a $5B share buyback  —  Baidu Inc. announced a $5 billion share buy…

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Sources: Chinese regulators told Tencent, Ant Group, and others not to offer public ChatGPT services, after state media criticized chatbots over misinformation (Cissy Zhou/Nikkei Asia)

Cissy Zhou / Nikkei Asia:
Sources: Chinese regulators told Tencent, Ant Group, and others not to offer public ChatGPT services, after state media criticized chatbots over misinformation  —  State media outlet blasts chatbot as spreadi…

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