China’s Baidu quarterly profit up 95 percent

0
12

BEIJING (AP) — Baidu Inc., which operates China’s dominant search engine, says its latest quarterly profit jumped 95 percent on strong traffic growth.

The company said Tuesday its profit for the three months ending in June was $252.6 million. It said total revenue rose 78.4 percent.

Baidu also higher spending by large advertising customers for the increase in earnings.