Feb 19
China’s Baidu posts 31% rise in Q4 net profit
Baidu Inc., which operates China’s most popular Internet search engine, said Thursday its unaudited net profit in the fourth quarter of 2008 soared 31.3 percent year-on-year to 288.7 million yuan (US$42.3 million).
Total business revenue for the quarter increased 58 percent to 902.1 million yuan (US$132.2 million), the Beijing-based company said in a statement.
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