2013-02-06
Baidu's Financials Disappoint Investors Looking For China Internet Growth
Chinese Internet search engine company Baidu Inc. disappointed investors as it posted its fourth quarter and fiscal year 2012 financial results. Total revenues in the fourth quarter of 2012 were CNY6.335 billion, a 41.6% increase from the corresponding period in 2011. Total revenues in fiscal year 2012 were CNY22.306 billion, a 53.8% increase from 2011. [...]