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Tuesday / November 20.

China’s Baidu posts 29 percent rise in revenue

(Reuters) – China’s Baidu Inc reported a 29.3 percent jump in quarterly revenue on Tuesday, helped by strong performance in its core search engine business.

Net income attributable to Baidu rose to 4.16 billion yuan ($656.4 million) in the fourth quarter ended Dec. 31, from 4.13 billion yuan a year earlier.

Total revenue rose to 23.6 billion yuan from 18.2 billion yuan.

Reporting by Arjun Panchadar in Bengaluru; Editing by Sriraj Kalluvila

via Reuters