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Baidu sees Q3 net income drop 26.7% to CNY 2.8 bln

2015-10-30 09:34:00| Telecompaper Headlines

(Telecompaper) Chinese internet search provider Baidu reported total revenues of CNY 18.383 billion (approximately USD 2.892 billion) for the third quarter of 2015, which represents a 36 percent increase from the third quarter of 2014. Mobile revenue accounted for 54 percent of total revenues for the third quarter of 2015, compared to 37 percent for the corresponding period in 2014. Third-quarter net income plunged 26.7 percent to CNY 2.841 billion (approximately 447 million) at 30 September 2015.

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