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Baidu posts declining Q4 revenues, profit

Saturday 25 February 2017 | 02:41 CET | News
Chinese internet giant Baidu reported total revenues of CNY 18.2 billion (approximately USD 2.6 billion) in the fourth quarter of 2016, which represents a decline of 2.6 percent from the corresponding period in 2015. Mobile revenue accounted for 65 percent of total revenues for the fourth quarter of 2016, up from 56 percent in the year-earlier period. Total revenues in fiscal year 2016 were CNY 70.5 billion (approximately USD 10.1 billion), a 6.3 percent increase from 2015.

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Categories: Internet
Companies: Baidu
Countries: China
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