Baidu, the search engine service from China to announce their earnings in the first three months of 2011 (Q1 2011). They earned revenues of $ 677 million, up 75 percent over revenues in the same period in previous year. Baidu net revenue gain to $ 299 million, also up 75.9 percent over the same period in 2011. Going forward in the second quarter of this year, Baidu's revenue target of $ 847-867 million.
Baidu CEO Robin Li expressed his confidence about the future of Baidu:'' Internet in China is growing rapidly and we are very interested in the opportunity to grow even faster in the area of mobile and cloud computing. We believe that Baidu uniquely positioned for growth in China's online marketplace.'' It Baidu's revenue and net profit is still very much compared to Google which reported in Q1 2012 revenue of $ 10.65 billion and net income of $ 2.89 billion.
But remember Baidu is only popular in China, the income of $ 299 million was old enough, let alone the Bamboo Curtain is rising rapidly growing internet world. Moreover Baidu is still preparing his cell phone to be based on Android.