HONG KONG -- Chinese search engine giant Baidu swung to its second-ever quarterly loss as a travel company investment soured and growth in its core advertising operations remained weak.
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China's Baidu posts second-ever loss as advertising stagnates
One-off investment loss bites as CEO cites smartphone transition among key issues
Baidu has said it is struggling to adapt to changing user behavior, including the shift from PCs to smartphones. © Reuters
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