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Baidu reports strong mobile ad sales, echoing Facebook

Friday, 25 July 2014, 1:08 | PC News | 0 Comment
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Chinese search giant Baidu reported a 34 percent jump in profit for the second quarter, with mobile ad sales accounting for almost a third of revenue for the first time.Baidu’s profit reached 3.5 billion yuan (US$ 571 million) for the quarter, while revenue soared 59 percent to 12 billion yuan, at the upper end of its forecast.Mobile made up 30 percent of revenue, which was a first for the company, CEO Robin Li said in a statement. A day earlier, Facebook said it more than doubled its...

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