Baidu Inc. warned of fallout from the slowing Chinese economy and swung to a loss in the latest period as spending rose. The Beijing-based internet-search company expects its online-marketing business, which sells advertising to a range of companies, to face a challenging environment in the near term despite Chinese government policies to support smaller enterprises, Baidu finance chief Herman Yu said in prepared remarks Thursday.

Source: Wall Street Journal May 16, 2019 21:22 UTC