From the Financial Times:<\/p>\n
Baidu.com, China’s most frequently used internet search engine, said net profits last year rose nearly fourfold to RMB47.6m ($5.9m), driven by online advertising sales…<\/p>\n
…For the full year, Baidu said revenues were up 172 per cent at RMB319.2m, while fourth-quarter sales were 168 per cent higher than the same period last year at RMB114.9m, exceeding projections by Wall Street analysts.<\/p>\n
Baidu’s financial results suggest there has been sustained demand for online search and advertising services in the country…<\/p>\n
…The company said it currently had 63,000 online advertisers.<\/p><\/blockquote>\n
The article does not give numbers for Google’s performance in China, but it ends with a little dig at Google from Baidu founder Robin Li:<\/p>\n
“For us, it’s very simple – we just obey the Chinese law,” said Mr Li. “We grew up in this country – we understand better [when it comes to the rules and culture] – it’s really up to them [foreign companies] to do whatever they want to do.”<\/p><\/blockquote>\n
Links and Sources<\/div>\n\n\n
- Financial Times: Baidu results lifted by strong online advertising<\/a>, also on MSN.com here<\/a><\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
From the Financial Times: Baidu.com, China’s most frequently used internet search engine, said net profits last year rose nearly fourfold to RMB47.6m ($5.9m), driven by online advertising sales… …For the full year, Baidu said revenues were up 172 per cent … Continue reading