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Baidu Posts Positive Q2 Results

     
1:44 am on Jul 27, 2009 (gmt 0)

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Baidu Posts Q2 Results [chinatechnews.com]

Chinese search engine company Baidu Inc. announced its unaudited financial results for the second quarter ended June 30, 2009, and stated total revenues were CNY1.097 billion, a 36.7% increase from the corresponding period in 2008.

"Our focus on execution drove another strong quarter for Baidu," said Robin Li, Baidu.com's chairman and CEO. "Our ongoing initiatives to improve user and customer experience further solidified Baidu's leading market position as both large companies and SMEs are increasingly drawn to the superior ROI offered by Baidu's P4P platform."