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Baidu sales beat analysts' estimates in Dec quarter

They rise 33% to 18.7b yuan as search provider's investments in mobile begin to bear fruit

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IN THE SPOTLIGHT: Baidu's dominance in search as more users shift to using mobile devices is helping offset the impact of a Chinese economy growing at its slowest pace in 25 years.

Hong Kong

BAIDU Inc posted revenue that topped analysts' estimates as the Chinese Internet search provider's investments in mobile begin to bear fruit and attract advertising.

Sales rose 33 per cent to 18.7 billion yuan (S$4.1 billion) in the December quarter from a year earlier, 

sentifi.com

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