News this week: NASDAQ-listed Baidu,
the leading Chinese-language Internet search provider, reported its results for the
fourth quarter and full fiscal year in 2013. Revenues in the year were US$5.3 billion – a year-on-year growth of 43%. The company posted
a net income in 2013 of US$1.7
billion, flat with the previous year.
Diluted earnings per share in the period were RMB 29.93 (US$4.94).
Most of Baidu’s
revenues were generated from its online marketing services. In 2013, the company had about 753,000 active online marketing customers, up 26% compared with 2012. Revenue per customer was US$6,971 in 2013 – a year-on-year
growth of 13%.
For the quarter ended 31st December, revenues
were up 50% reaching US$1.6 billion, while net
income attributable to shareholders was flat
compared with last year,
at US$460 million. Baidu’s management expects revenues in the first
quarter of 2014 to be between
US$1.53 billion and US$1.57 billion, representing an
increase of between 54.8% and 59.5%
year-on-year.
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