Baidu advertising up

06 Nov 2008

Baidu, operator of China’s biggest Internet search engine, posted a 91 percent increase in third-quarter profit in October after surging Web usage enticed more firms to buy advertising on its site.

The company reported a solid 347.86 million yuan ($ 50.9 million US) profit for the period, up from 181.73 million yuan a year earlier. Sales rose 85 percent to 919.13 million yuan from 496.5

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Jim Townsend