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Fly News Breaks for January 22, 2020
Jan 22, 2020 | 09:32 EDT
OTR Global downgraded Baidu to Negative from Mixed following checks that indicate search advertising spending growth moderated in Q4 due to stagnant ROI and heavy competition. Further, Baidu's Newsfeed and mini programs failed to deliver incremental boosts, the firm's analyst wrote in a note to investors.
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