News this week: Last week, the leading Chinese-language Internet search provider, Baidu,
announced its first quarter results for 2013. Revenues were US$961 million, a
jump of 40% over the same period in 2012.
Net income attributable to the company was US$329 million, up
8.5% over the first quarter last year. Diluted earnings per share in the period
were RMB 5.88 (US$0.95).
The number of active online marketing customers increased
28% to about 410,000 in the first quarter of 2013 and revenue per customer grew
to US$2,335 – a rise of 9.0% over the corresponding period in 2012.
The NASDAQ-listed company forecasts revenues in the second
quarter of the year will be between US$1.19 billion and US$1.22 billion, which
would represent a year-on-year increase of 35% to 38%. Revenues in the second
quarter of 2012 were US$859 million.
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