Baidu’s net income jumps 123% in Q1

News this week: Baidu, the leading Chinese-language Internet search provider, announced its first quarter results this week. Revenues were US$372 million, up an impressive 88% over the same period in 2010. Net income was US$163 million, a jump of 123% over the first quarter in 2010. Diluted earnings per share in the period were RMB 3.07 (US$0.47).

The number of active online marketing customers increased 24% to 274,000 in the first quarter of 2011 and revenue per customer increased to US$1,359, a rise of 51% over the first quarter of 2010.

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