Its stock declined as much as 10% in early Hong Kong trade Friday and was down 9.1% at 76.25 Hong Kong dollars at midday break, the equivalent of $9.80. Baidu's ADRs fell 5.9% to $81.63 in the U.S.
HONG KONG -- Chinese internet giant Baidu reported its biggest quarterly sales contraction in two years as online marketing sales, the company’s core revenue source, fell short of expectations.
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