Baidu enjoys 60 percent rise in Q2 revenues

Chinese Internet search giant Baidu Inc on Tuesday reported higher-than-expected second-quarter revenue, boosted by small and medium-sized advertisers.

The company also said it is likely to go ahead with more acquisitions to beef up its presence in emerging sectors, such as mobile Internet.

Baidu had 5.46 billion yuan ($858 million) in revenue in the second quarter, up nearly 60 percent from the same time last year, it said.