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Baidu Suggests Growth Slowing In 2011

 5:50 pm on Dec 15, 2010 (gmt 0)

Baidu Suggests Growth Slowing In 2011 [uk.reuters.com]
China's top search engine, Baidu Inc, sees its top-line and bottom-line growth rates softening over the next year on a higher base of comparison, as it eyes acquisitions and "contextual" ads to boost growth in the future.

"No ... We have such a bigger base," Haoyu Shen, Baidu's senior vice president of business operations, said at the Reuters China Investment Summit when asked whether the firm can keep up its stellar top and bottom-line growth rates into 2011.

Baidu said in October its third-quarter net profit more than doubled compared to a year ago, while its revenue almost doubled.



 1:44 am on Dec 16, 2010 (gmt 0)

They certainly can't expect the same growth to continue. There are no more Google sized competitors for them to swallow up market-share from.

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