China's Baidu tops revenue and profit estimates, shares rise

(Reuters) - China’s Baidu Inc reported on Tuesday quarterly profit and revenue that beat analysts’ estimates, powered by strong performances of its search and newsfeed services. The company’s shares rose nearly 5 percent to $236.4 in extended trading. Baidu, part of China’s trinity of tech giants along with Alibaba Group Holding Ltd and Tencent Holdings Ltd, is looking to turn around its fortun...