The good news for investors is that analysts have historically overestimated the slowdown. Baidu and Momo typically beat Wall Street targets as well as their own public guidance. Both companies are milking more money out of their core audiences. Momo's monthly active users have grown by 17% over the past year, but it made revenue grow at three times that clip by getting more of its users to pay for premium offerings. Baidu has seen its active online marketing customers grow by just 7% over the past year, largely by design as they weed out iffy advertisers. The good news is that the average revenue per online marketing customer on Baidu has soared 12% over the past year.