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April 27, 2007
Baidu Kicks It Into High Gear
We have not liked Baidu as we know that advertisers will not pay much per click for Chinese traffic. However, it seems that for Baidu its traffic is so strong CPC rates don't matter. Shares surged 23% after the Chinese-language Internet search giant said first-quarter earnings and revenue more than doubled from a year ago. The Beijing-based company said earnings rose 143% from a year ago to $11 million, or 32 cents a share.
Posted by Paul at April 27, 2007 08:30 PM
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