Baidu's revenue rises 36%

Baidu Inc. Chairman and Chief Executive Robin Li gestures as he speaks at the 2015 Baidu World Conference in Beijing, China on Sept 8, 2015. 

PHOTO: REUTERS

OCT 30, 20157:18 AM

[BEIJING] Baidu Inc, China's biggest Internet search company, reported a 36 per cent rise in quarterly revenue as more advertising money flowed into the company's core search engine business.

Net income attributable to Baidu fell to 2.84 billion yua n (S$626.9 million), or 7.92 yuan per American depositary share, from 3.88 billion yuan, or 11 yuan per American depositary share a year earlier.

Revenue rose to 18.38 billion yuan from 13.52 billion yuan.

REUTERS