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China search engine Baidu beats estimates

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  • China search engine Baidu beats estimates

    Baidu, China's leading internet search engine company, reported a nearly 50 per cent jump in net profit for the fourth quarter, and forecast another strong quarter, outperforming its own cautious guidance and most analysts' expectations

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    Re: China search engine Baidu beats estimates

    The bullish outlook follows the threat of its main rival, Google, last month to retreat from China unless the Chinese government allowed it to stop censoring results on its China-based website. It is understood that Google is still in talks with the Chinese authorities, but Beijing is not expected to compromise on the way it regulates the internet including the self-censorship it demands from all websites.

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