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.Read the whole story at Bank Systems & Technollogy »
