Baidu revenue beats estimates; to buy JOYY’s China live-streaming unit

Baidu revenue beats estimates; to buy JOYY’s China live-streaming unit By Ayanti Bera and Yingzhi Yang comments November 16, 2020 A employee uses his mobile phone as he walks past the company logo of Baidu at its headquarters in Beijing

(Reuters) – Chinese search engine leader Baidu Inc booked a 1% rise in quarterly revenue, beating market estimates, and said it will buy streaming platform YY Live from social media firm JOYY Inc for about $3.6 billion to help diversify revenue sources.…

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