Baidu shines at Google's expense
By Chen Limin | China Daily | Updated: 2010-07-23 07:56
BEIJING - Baidu Inc, China's largest online search engine, has benefited from rival Google Inc's recent woes in the Chinese mainland, with its earnings and market share both rising significantly over the past three months.
But analysts said that Google's performance would be more stable in the future, and it was unlikely to suffer a further big slide in market share.
Baidu's net income more than doubled in the second quarter year-on-year, reaching 837.4 million yuan, ($123.5 million), the company said on Thursday.
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