HONG KONG (Nikkei Markets) -- Baidu's downbeat revenue forecast for the first quarter assumes a gradual pickup in business activity, which had stalled in parts of the economy following the outbreak of the new coronavirus, according to company officials.
The Chinese internet search major, which postponed its fourth-quarter results by more than a month amid the epidemic, said revenue for the three months ending Mar. 31 will decline by between 5% and 13% from the year-ago period, with revenue from its core search business seen falling by between 10% and 18%.
