Wednesday, February 11, 2015

China's Baidu posts jump in revenue as mobile traffic grows

Baidu's company logo is seen at its headquarters in Beijing December 17, 2014. REUTERS/Kim Kyung-Hoon



Baidu's company logo is seen at its headquarters in Beijing December 17, 2014.


Credit: /Kim Kyung-Hoon






- Baidu Inc, owner of China's dominant search engine, reported a 47.5 percent rise quarterly revenue, helped by growth in mobile traffic.

The company, sometimes referred to as China's Google, reported revenue of 14.05 billion yuan, or $2.26 billion, for the fourth quarter.


Mobile revenue represented 42 percent of total revenue, up from 36 percent in the third quarter, Baidu said.


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