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Baidu Q1 Profits Jump 165pct

         

engine

5:32 pm on Apr 30, 2010 (gmt 0)

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Baidu Q1 Profits Jump 165pct [theglobeandmail.com]
Baidu Inc., which operates China's most popular Internet search engine, said yesterday its first-quarter profit jumped 165 per cent on a rise in revenue and numbers of advertising customers.

Net income in the three months to March 31 rose to $70.4 million (U.S.), or $2.02 a share, the Beijing-based company said. Revenue grew 60 per cent to $189.6 million.

bill

4:09 am on May 7, 2010 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member Top Contributors Of The Month



Google's departure from China may open the door for other homegrown services to step into the gap. Surely Baidu is not the only beneficiary of this.