Baidu Q2 revenue shrinks, warns of further decline

By Chris Udemans

Revenue for Chinese search giant Baidu contracted 1% in the second quarter compared with the same year-ago period, with the company warning that the downward trend could continue in the second half of 2020.

Why it matters: Baidu narrowed a revenue …

Chinese edtech giant Zuoyebang raises $750 million

By Emma Lee

One of China’s top online tutoring platforms Zuoyebang announced Monday the completion of a $750 million Series E led by Fountainvest Partners and Tiger Global.

Why it matters: The coronavirus pandemic has drawn investor interest to China’s biggest …