Baidu
Revenue Growth: 72%
Profit Growth: 99%
Total Return: 56%
Profit Growth: 99%
Total Return: 56%
Although the name Baidu literally
means “hundreds of times,” this Chinese company’s search engine is used
many millions of times every day. The Chinese equivalent of Google,
Baidu boasts a whopping 79% share of the search-engine market in China.
Its search engine was also recently added as an option on iPhones and
iPads in China, which should further cement its leading position. In
recent times Baidu has branched out from internet search, launching its
own internet web browser and smartphone. However, like Google, almost
all of Baidu’s revenue is generated through search advertising. The
company has recorded solid, double-digit profit growth over the past
year. -- N.S.
Get stock quote: BIDU
Revenue ($ millions): $2,571
Net Income ($ millions): $1,173
Sectors: Technology
Net Income ($ millions): $1,173
Sectors: Technology
No comments:
Post a Comment