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Nikkei Markets

Baidu sees gradual business recovery amid virus outbreak

Downbeat first-quarter guidance assumes steady pickup in offline activities

Baidu said revenue for the three months ending Mar. 31 will decline by between 5% and 13% from the year-ago period,   © Reuters

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.

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