Baidu Q2 Sales Up 60% To $859M, Almost All Down To Search; Focus Is On Mobile And Cloud Ahead
Ingrid is a reporter for TechCrunch, joining February 2012, based out of London. She comes from paidContent.org, where she was a staff writer, and has in the past also written freelance regularly for other publications such as the Financial Times. Ingrid covers mobile, digital media, advertising and the spaces where these intersect. When it comes to work, she feels most... ? Learn More Search is going very strong in China, and leading player Baidu continues to reap the benefits. In its Q2 results, the company reported sales of 5.456 billion yuan ($858.8 million), up 59.8 percent compared to the same quarter in 2011. The company’s chairman and chief exec, Robin Li, said in a statement that Baidu will “maintain momentum” going forward by investing in new technology, new talent, and more products specifically geared to mobile and cloud services. But these are long-term strategies: for all intents and purposes, just about all of Baidu’s revenues today are coming from online advertising a...