Share “Search engine Baidu says profit up 36 percent”

Search engine Baidu says profit up 36 percent

Published on NewsOK Modified: February 4, 2013 at 9:05 pm •  Published: February 4, 2013

For the current quarter, Baidu said it expects revenues of 5.9 billion yuan to 6.1 billion yuan ($945.4 million to $975.9 million), or an increase of 38.1 percent to 42.6 percent over a year earlier.

China has the world's biggest population of Internet users, which grew 10 percent last year to 564 million, according to an industry group, the China Internet Network Information Center. The number of Chinese Web surfers who go online from mobile phones, tablet computers and other wireless rose 18.1 percent to 420 million.

Baidu has about 80 percent of China's Internet search market but faces a challenge from upstart rival Qihoo 360 Technology Ltd. Inc., a popular Web portal, reported Monday its quarterly revenue rose 22 percent.



Baidu Inc.: