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Baidu delivers more bad news to investors as China tightens ads

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DISAPPOINTING OUTLOOK: Baidu forecast lower-than-expected sales of 18.04 billion to 18.58 billion yuan this quarter.

Hong Kong

BAIDU Inc warned that curbs on online advertising will hurt revenue growth for the next two to three quarters, delivering the latest dose of bad news to investors in China's largest Internet search service.

The company forecast lower-than-expected sales of 18.04 billion

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