Baidu Profit Jumps on Customer Growth

Baidu Inc. said Tuesday its second-quarter net profit nearly doubled from a year earlier as the Chinese Internet search company attracted more advertisers and as marketing customers stepped up their spending, and the company gave a better-than-expected revenue forecast for the third quarter.

Baidu’s earnings have been surging for more than a year as the company has added advertisers and benefited from a new keyword advertising system. It has also continued to eclipse Google Inc.’s share of the local search market since the U.S. company moved its China search engine to Hong Kong last year because of concerns about censorship and hacking in China.

Read the rest of this post on the original site »


Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »