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Companies

Baidu risks losing China 'Big Three' status after bad quarter

Search engine lags behind BAT rivals Alibaba and Tencent in finding new revenue

  © Reuters

HONG KONG -- China's top search engine Baidu has unveiled its first loss in 14 years, amid regulatory headwinds, a softer Chinese economy and the departure of top talent.

Known as the "Google of China," Nasdaq-listed Baidu lost 327 million yuan ($49 million) in the January-March quarter, according to its filing on Thursday night U.S. time. It is the company's first net loss since listing in 2005.

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