Baidu's revenue up 175%
Baidu, China's leading web search company, reported a 174.9 per cent year-on-year rise in revenues for its most recent quarter.
The search firm holds close to half of the Chinese search market, according to analysts, and generated $24m in the quarter to 31 June.
The revenue figures represented a 41.3 per cent increase over the previous quarter. Baidu's net income also rose 65.9 per cent from the previous quarter, to $7.3m.
However, the total revenue shared by players in China's nascent online market remains tiny compared to the...
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