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Baidu profits down, but revenue soars

By Thu, Feb 27, 2014 10:24AM UTC Comments Off Pic: AP.

BEIJING (AP) — Baidu Inc., which operates China's most popular search engine, says its quarterly profit edged down 0.4 percent due to heavy spending to promote new mobile services but revenue soared....

China search engine Baidu says profit up 36 percent

By Tue, Feb 05, 2013 6:02PM UTC Comments Off Pic: AP.

BEIJING (AP) — Baidu Inc., which operates China’s most popular search engine, said Tuesday its quarterly profit rose 36 percent as an economic rebound helped to boost advertising spending. The Beijing-based company earned 2.8 billion yuan ($448.7 million) in the three months ending Dec. 31, or 7.99 yuan ($1.28) per share. Revenue rose 41.6 percent...

Apple + Baidu = End of the line for Google in China?

By Tue, Mar 27, 2012 1:12PM UTC Comments Off Apple + Baidu = End of the line for Google in China?

Apple is moving away from Google. In a string of pearls kind of approach, Apple has first moved away from Google Maps service in its latest iPhoto for iOS release. Now if the recent news is true, Apple would be kissing Google’s search engine goodbye in China. Apple’s iOS, the mobile OS that powers the...

Baidu founder Robin Li still China’s richest billionaire

By Mon, Mar 12, 2012 12:27PM UTC Comments Off Baidu founder Robin Li still China’s richest billionaire

In this year’s Forbes world billionaires’ rankings released last week, counted 1,226 people in an all-time high. 43-year old Robin Li, founder and CEO of China search giant Baidu, ranked 86th with US$ 10.2 billion, and continues to be the richest among billionaires in China. His wealth includes shares held by his wife, Melissa Ma....

Chinese authors file million dollar lawsuit against Apple

By Tue, Oct 04, 2011 3:16PM UTC Comments Off Chinese authors file million dollar lawsuit against Apple

By Tom Hancock Six Chinese authors, including best selling novelist Han Han, plan to sue Apple’s Appstore for over a million dollars in lost income, Chinese media has reported. An alliance of authors has already filed a case with Beijing’s second people’s court, reports said. The alliance plans to sue Apple on grounds of copyright...

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