Chinese search engine operator Baidu with jump in profits
A booming advertising business has helped China's largest search engine operator, Baidu, achieve a surprisingly sharp jump in profits.
The Google rival announced on Thursday that its third-quarter surplus rose by 80 percent to 295 million dollars, dismissing concerns that the weakening global economy could dampen corporate advertising spending. Sales actually grew by 85 percent to just under 655 million dollars. It will also continue to increase significantly, Baidu explained. (SDA)
