China's Baidu beat third-quarter revenue estimates, helped by strength in advertising

Revenue for the quarter ended September 30 was 34.45 billion yuan, compared with analysts' estimate of 34.33 billion yuan, according to LSEG data

Advertisers are increasing their spending on online services as the Chinese economy shows signs of recovery

China's economy is set to grow 5.4% this year, the International Monetary Fund said earlier this month, making an upward revision to its earlier forecast of 5% growth