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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
Our Standards:The Thomson Reuters Trust Principles.
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