Baidu.com - China’s Leading Search Engine Unaffected by Recession
China's Baidu.com says 1Q profit up 34.7 percent
BEIJING — Baidu Inc., which runs China's leading Internet search engine, said Tuesday first quarter profit rose 34.7 percent from a year earlier on stronger online marketing revenue despite China's economic slowdown. Profit rose to 198.5 million yuan ($29 million) or 5.22 yuan (76 U.S. cents) per share for the three months ending March 31, the Beijing-based company announced. Revenue jumped 41.1 percent to 810.7 million ($118.3 million).
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