Everything increases for Baidu (NASDAQ:BIDU): revenue, profits, and expenses. It’s looking good, particularly its $858 million in revenue for the quarter, up 59.8 percent on the same time in the previous year. You can read the numbers in detail on Baidu’s investor relations page.
Robin Li, chairman and chief executive officer of Baidu noted:
In the coming quarters, we will maintain momentum by rolling out optimized sales processes and more advanced tools to help current and potential customers increase returns on their online marketing spend. We will also continue to actively explore the vast opportunities in China’s fast-emerging mobile Internet and cloud sectors.
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