China's Baidu posts jump in revenue as mobile traffic grows

Reuters News
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Posted: Feb 11, 2015 5:29 PM

(Reuters) - Baidu Inc, owner of China's dominant search engine, reported a 47.5 percent rise quarterly revenue, helped by growth in mobile traffic.

The company, sometimes referred to as China's Google, reported revenue of 14.05 billion yuan, or $2.26 billion, for the fourth quarter.

Mobile revenue represented 42 percent of total revenue, up from 36 percent in the third quarter, Baidu said.

(Reporting by Supantha Mukherjee in Bengaluru)