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Baidu Profits Fall Short, Mobile Rises

China search engine Baidu said Thursday that its Q2 2013, quarterly profit fell 4.5% to 2.6 billion yuan, or $430.8 million, but revenue rose 38.6% from a year earlier to 7.6 billion yuan, or $1.2 billion. While Baidu dominates traditional Internet search in China, the company said it faces competition in mobile search. Mobile revenue accounted for more than 10% of its total revenue for the quarter.

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