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Baidu Core revenue drops 7% YoY, iQIYI down 7.8%. The company's core business, which includes search, news, and maps, saw a decline in revenue. iQIYI, Baidu's video streaming arm, also reported a decrease in revenue. The results reflect the challenges faced by Baidu, China's largest search engine, amidst the ongoing COVID-19 pandemic and increasing competition.
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