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China's Baidu eyes soft fourth quarter as economy bites [reuters.com]
Baidu Inc, China's largest search engine company, posted its slowest quarterly revenue growth in more than two years and forecast softer-then-expected growth this quarter, hurt by weaker sales as China's economic engine sputters.
However, the company -- which still grew revenue by 50 percent in the third quarter -- said it added a record number of new advertisers for the quarter and was focusing on boosting revenue from fast-growing mobile search traffic.
Baidu, China's biggest search engine, has reported a 60% rise in quarterly net income to 3.01bn yuan ($478m; £299m) compared to last year.
Baidu said its income jumped in the three months ending 30 September, as the company continued to attract increasing amounts of advertising.
The company said revenue from online marketing surged nearly 50%.
Baidu income rises [bbc.co.uk]