China's Baidu reports slower profit growth
BEIJING (AP) — Baidu Inc., which operates China's most popular search engine, reported slower profit growth in its latest quarter Friday as costs rose sharply and competition for its new mobile service intensified. Baidu dominates China's traditional desktop computer-based search market but has seen its leadership erode in mobile search as Chinese users switch to surfing the Web on mobile phones and tablets. Google closed its mainland China search service in 2010 following a dispute over censorship with the communist government. Reported by SeattlePI.com 14 hours ago.
BEIJING (AP) — Baidu Inc., which operates China's most popular search engine, reported slower profit growth in its latest quarter Friday as costs rose sharply and competition for its new mobile service intensified. Baidu dominates China's traditional desktop computer-based search market but has seen its leadership erode in mobile search as Chinese users switch to surfing the Web on mobile phones and tablets. Google closed its mainland China search service in 2010 following a dispute over censorship with the communist government. Reported by SeattlePI.com 14 hours ago.