Meanwhile in China, search giant Baidu saw net profit decline 4.5% -- to about $430 million -- in the second quarter of 2013. Revenue, however, was up 38.6% -- $1.2 billion -- year-over-year. Of
particular note, Baidu’s mobile revenue exceeded that of archrival Qihoo 360 Technologies, The Wall Street Journal’s Digits blog notes. “Though Qihoo has one of China’s largest
mobile-app stores, revenue has yet to pop.”
Read the whole story at The Wall Street Journal »
