Baidu profits up 70 percent

July 25th, 2012 - 11:02 pm ICT by IANS  

Beijing, July 25 (IANS) Baidu, China’s biggest search engine operator, said profit in the second quarter of this year surged nearly 70 percent.

Net income in the three months ended June 30 rose by 69.6 percent to $436 million, and sales grew by 59.8 percent to $859 million, the Shanghai Daily reported Wednesday.

Baidu had about 352,000 customers in the second quarter, up 18 percent from the same period of last year.

Chief executive officer Robin Li said Tuesday that the company will consider making an acquisition to extend more services to users.

Last year, Baidu had invested $306 million in travel search site Qunar.

Li said the company will continue to optimize its sales process and offer advanced tools to help customers market their businesses on the internet.

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