Baidu rebounds in Q2 with 83% jump in net income

Chinese internet giant Baidu said Friday that its net income had soared 83 percent in the second quarter -- a strong recovery from tumbling profits in 2016 thanks to drastic spending cuts.The figure far exceeds analysts' estimates of 2.9 billion yuan, and is a sign of Baidu's recovery after authorities cracked down on its online advertising business, the company's primary revenue stream.Total revenues in the second quarter were 20.9 billion yuan ($3.08 billion), a 14.3 percent increase from the