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Baidu's total revenue reaches $4 billion in Q3

Chinese internet search giant Baidu Inc reported its total revenues reached 28.1 billion yuan ($3.93 billion) in the third quarter of this year, flat from last year, while its net profit slid to 4.4 billion yuan, down 35 percent from 6.75 billion yuan a year earlier. "Baidu app traffic continues to grow robustly with daily active users reaching 189 million, up 25 percent year-on-year in September and Baidu's in-app search continues to gain market share," Robin Li, chairman and CEO of Baidu, said.

Gree licenses patented tech to Grundfos