Baidu Inc.’s revenue rose its mostBloomberg Terminal in more than a year, joining China’s largest internet companies in rediscovering growth after Beijing relaxed its grip on the private sector to try and jumpstart a faltering economy.
Its shares rose about 4% in pre-market trading in New York. The company reported a larger-than-projected 15% jump in sales to 34.1 billion yuan ($4.7 billion) for the June quarter. Net income rose 43% to 5.2 billion yuan.
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