Baidu Inc delivered a conservative outlook for the current quarter as a resurgent pandemic outbreak in China overshadowed the Internet search giant’s push into newer arenas like cloud and smart devices. Revenue for the three months ended June climbed 20% from a year earlier to 31.35bn yuan ($4.8bn), compared with the 30.9bn yuan of estimates. The company predicted sales of 30.6bn yuan to 33.5bn yuan for the September quarter, versus the 33.1bn yuan seen by analysts, saying that the recent increase in Covid-19 cases across large parts of China left business visibility “limited.” Baidu swung to a net loss of 583mn yuan in the second quarter, after marking down the value of its stake in Kuaish
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