Baidu revenue beats estimates; will buy JOYY’s China livestream unit

In this photo illustration a Baidu logo seen displayed on a smartphone. Filip Radwanski| SOPA Images | LightRocket | Getty Images 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 for about $3.6 billion to help diversify revenue sources.…

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