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          BIZCHINA> Top Biz News

          


          

          
          		

          

          


          

          


          

          



          

          


 

          


          


 

          


          

          


 

          



          Baidu profit doubles in 2008
          


          By Tong Hao (chinadaily.com.cn)
          
 Updated: 2009-02-20 14:12
          



 

          

          Baidu Inc, the world's largest Chinese-language search engine, said on Thursday that its profit in 2008 doubled to 1.09 billion yuan, driven by the increasing number of Internet users in China.
          


          

          

          


          


          


          


          


          


          


          Related readings:
          
          Baidu profit doubles in 2008 Baidu cuts revenue forecast on ad scandal
          
          Baidu profit doubles in 2008 Baidu biz model faces legal challenges
          
Baidu profit doubles in 2008 Baidu biz model faces legal challenges
          

          

          
          		

          
          

          
          		

          
          

          
          		

          
          

          

It posted operating revenue of 3.19 billion yuan in 2008, an 83.3 percent increase year-on-year, the company said in its unaudited financial report.
          


          The NASDAQ-listed company said its active clients in the fourth quarter of 2008 increased 1.5 percent to 197,000, its 15th consecutive quarter of growth.
          


          Robin Li, Baidu president and CEO, said hits on the website continued to grow rapidly after the Spring Festival.
          


          The company expects its revenue to grow by 36 to 39 percent year-on-year in the first quarter of 2009.
          


          

          (For more biz stories, please visit Industries)
          

          

          

 



 



          


          


 

          

          

          


          

          


 

          


          


 

          


          


 

          


          


          


 

          

          

          
          		

          

          








           
          


           
          



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