News this week: NASDAQ-listed Baidu, the leading Chinese
language Internet search provider, has announced its results for the third
quarter ended 30th September 2014. Revenues grew to US$2.2 billion,
a jump of 52% compared with the same quarter in 2013. Net income attributable
to the company was up 27% from last year to US$632 million. Diluted earnings
per share were RMB 11.00 (US$1.79).
As of 30th September, Baidu’s active online marketing customers
rose year-on-year by 11% to about 516,000. Revenue per online marketing
customer this quarter jumped to US$4,220 – a growth of 36% compared with the
third quarter of 2013.
Robin Li, chairman and CEO of Baidu, said, “We had another very strong
quarter as we continued to leverage our tremendous assets, especially in
mobile. This quarter, mobile traffic surpassed PC traffic and mobile revenue
contributed 36% of our total revenue. We are particularly pleased with the
progress we have made in connecting people with services through innovative O2O
initiatives like Baidu Connect — a better way for businesses to connect with
their targeted consumers on mobile devices.”
This post is excerpted from BSG's weekly e-newsletter
which is part of our subscription research service, BSG Tracker. Visit our website
to find out more about this service. You can also follow us on Twitter
for all the latest updates.
No comments:
Post a Comment