China's Baidu search engine sees profits double
- Published
Internet search engine Baidu saw profits more than double in the second quarter, as it continues to dominate the Chinese market.
The firm recorded profits of 837m yuan ($123m; £81m), up 118% from a year ago.
Profits were boosted by exploding online marketing revenues, which were up 74% to 1.91bn yuan.
Data from research firm Analysys showed Baidu's share of web searches in China rose to 64% in the first quarter, from 58.4% in the previous three months.
Baidu said it had about 254,000 active online marketing customers in the second quarter, up 25% from 2009, and up 15% on the first quarter.
- Published15 July 2010
- Published9 July 2010
- Published9 July 2010
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