Share “News Summary: Profit growth slows at...”

News Summary: Profit growth slows at China's Baidu

Published on NewsOK Modified: April 26, 2013 at 1:48 pm •  Published: April 26, 2013
Advertisement

PROFIT SLOWDOWN: Baidu Inc., which operates China's most popular search engine, says profit rose 8.5 percent in its latest quarter, to about $329 million. That's down from growth of 36 percent in the previous period.

REVENUE GROWTH: Revenue rose 40 percent to $961 million, but expenses climbed faster.

MOBILE WOES: Baidu dominates China's PC-based search market, but it has lost some market share in mobile. Increasing numbers of Chinese people are browsing the Internet on mobile phones and tablets.


AROUND THE WEB

  1. 1
    Where does OU rank among college football's running back units?
  2. 2
    The best jobs for every personality type
  3. 3
    Lankford: Changing Washington 'takes strong families, strong churches and strong communities'
  4. 4
    Trial delayed for former sheriff's deputy charged with sexual battery
  5. 5
    County Commissioner booked on new charges; discussion on ouster set for Monday
+ show more

FEATURED JOBS



× Trending business Article