From the WSJ: Baidu.com Profits -- Big Time
Baidu.com Profit
Soars on Ad Sales,
Solid Web Traffic
A WALL STREET JOURNAL NEWS ROUNDUP
April 30, 2007
Baidu.com Inc., China's Internet search leader, said first-quarter net profit more than doubled on strong traffic growth and higher advertising revenues.
The country's most popular search engine reported net profit of 85.5 million yuan ($11.1 million) in the quarter, up from 35.2 million yuan in the year-earlier period.
See more here.
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