By  on August 13, 2019

China’s reported record-breaking net revenue and profit in the second quarter ended June 30 on Tuesday, beating Wall Street estimates.

The Google-backed company’s total net revenue jumped 22.9 percent year-over-year, to 150.3 billion renminbi, or $21.27 billion. The analyst consensus was expecting revenue of 147.49 billion renminbi, according to IBES data from Refinitiv.

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