Chinese search engine Baidu announces 95% surge in profit
posted Tue, 2011-07-26 18:06 by
Chinese search engine giant, Baidu, has reported a 95% surge in profits over the last quarter.
The company said it made 1.63bn yuan (£155m) in the second quarter, compared to its profit of 837m yuan in the same period last year.
Baidu’s success rides on the back of the fact that it’s the number one search engine in China, beating Google with its mammoth 75% market share.
tags: Baidu, Foreign Language Internet, foreign search engines, Google, internet statistics