Feeds

Baidu slurps up Google's leavings, pockets $1bn

Eric's 'gift to Robin': Double income on Chinese searches

Internet Security Threat Report 2014

Chinese search giant Baidu has almost doubled its income over the last year and made more than half a billion dollars in profit.

Baidu said turnover in the fourth quarter was up 94.4 per cent to $371.3m (RMB 2.45bn) and operating profit was up 175.8 per cent to $193.2m or RMB 1.275bn.

This gave China's largest search engine total revenue of $1.19bn for fiscal 2010 and net income of $534.1m, up 137.4 per cent higher than in 2009.

Chief executive Robin Li said the company continued to build on its clear leadership for Chinese search. He predicted further integration of Baidu's search technology into ecommerce and social networking.

Eric Schmidt described Google's departure last year from China as a gift to Robin.

The firm expects to make between $360.6m and $371.2m in the first quarter of 2011.

Baidu's full earnings release is here. ®

Choosing a cloud hosting partner with confidence

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
The hidden costs of self-signed SSL certificates
Exploring the true TCO for self-signed SSL certificates, including a side-by-side comparison of a self-signed architecture versus working with a third-party SSL vendor.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.