Baidu Posts Quarterly Revenue That Tops Estimates

In 2016, Baidu faced a challenging year due to government restrictions on web advertising. The company appointed new leadership to steer its focus towards artificial intelligence. Despite these efforts, Baidu's performance remained subdued as it underwent restructuring and cost recovery from previous ventures like food delivery. In contrast, competitors Alibaba and Tencent experienced significant growth, highlighting Baidu's lack of ambition and financial resources to compete effectively.

What is Baidu's current focus in terms of business strategy?

Why do some analysts believe Baidu has not been ambitious enough?