Baidu Gets Bludgeoned by China’s Censors Again
Baidu (NASDAQ: BIDU), the owner of China's top search engine, recently suspended some newsfeed channels within its mobile app to "comply with government directives." It warned that the suspension could reduce its ad revenue from those channels, but didn't specify the exact channels or the actual revenue impact.
Baidu said it would "conduct maintenance" on the newsfeed channels starting on April 8, and it would enhance its monitoring practices to strengthen the "quality and integrity" of its content. It didn't say if or when those channels would return but emphasized the rest of the Baidu app would continue operating normally.
This isn't the first time Baidu was slammed by Chinese regulators. Let's take a look back at Baidu's clashes with Chinese censors, and how this latest setback could curb its near-term growth.
Source Fool.com
