Baidu profit up 27 percent as mobile grows
BEIJING (AP) Chinese search engine Baidu Inc. says its latest quarterly profit rose 27 percent as its mobile operation passed its traditional desktop computer-based search business in user numbers.
The company said Thursday it earned 3.9 billion yuan ($631.5 million), or 11 yuan ($1.79) per share. Revenue rose 52 percent over a year earlier to 13.5 billion yuan ($2.2 billion).
The company said mobile traffic surpassed personal computer traffic and mobile contributed 36 percent of total revenue.
- Is India finally inching closer to its 5G ambitions?
- Should employees be worried about working in the metaverse?
- One in four consumers are online fraud victims in the Asia Pacific
- Optimizing operational efficiency is a prerogative for the manufacturing industry
- Driver shortages: An increasingly dire issue for e-hailing companies in Malaysia