Baidu fares well as mobile revenue swells in Q2

Baidu Inc, China's largest Internet search engine, reported better-than-expected earnings for the second quarter on Friday. However, with no aggressive investments made in the year, the Beijing-based company can hardly reassure analysts about its growth momentum in the long run.

Fueled by the strong growth in mobile revenue, Baidu announced in a statement that its total revenues in the three months ending in June soared 58.5 percent year-on-year to 11.99 billion yuan ($1.932 billion).

Net income rose to 3.55 billion yuan from 2.64 billion yuan a year earlier, which beat the 2.85 billion-yuan average of nine analysts' estimates compiled by Bloomberg.