Adverts help Baidu profits surge
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Chinese internet search engine Baidu sees profits jump thanks to new users and advertisers.
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The hot asset manager reports sparkling earnings.
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When China booms, so do UK mining stocks. China&#39;s insatiable appetite for commodities this year has been the main reason that mining stocks have had another good year.
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Online advertising spending in Britain  surged 40.3 percent to 917.2 million pounds ($1.72 billion) in  the first half of 2006 compared to last year, giving it a  market share of 10.5 percent, new data showed on Wednesday.
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According to a survey, 62.1% of Chinese users turned to local favorite Baidu Inc. for search -- up from about 52% in 2005 -- and much of that growth came at Google's expense.
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Business & money: Supermarket chain trumps rivals with 9% sales jump, and new ad campaign helps lift profits
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Last week in China, A Lot of Baidu and a bit of Microsoft and Google There hardly goes a week by that Baidu is not in the news. They are actively getting into new partnerships, boasting about their Market Share and releasing new services. Google has yet to find a way to counter this. The rest [...]
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The companies are hoping that the combined heft of their Web sites will encourage large advertisers to spend more money.
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Baidu.com Inc led China's search  engine market in last year's fourth quarter with a 60.1 percent  share, research firm Analysys International said on Friday.
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Chinese media company  Sohu.com Inc on Monday said quarterly profits rose 148 percent,  fueled by record growth in advertising and online gaming in one  of the world's biggest Internet markets.
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The search giantâs surging third quarter profits showed that it was growing at twice the speed of the online advertising market, which itself is booming.
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Microsoft and Baidu announced a strategic partnership on Thursday that calls for the Chinese site to sell ads on select MSN and Live properties within China. Financial terms were not disclosed.
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Chinese stocks are in the doldrums, and Baidu may be the cure.
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The best brands can get you big profits.
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(InfoWorld) - A new report shows Baidu.com increased its share of the search market in China's top cities, while rival Google lost groundÂ despite continued heavy investments in its Chinese operations. Baidu has a 69.5 percent share of the search market in Beijing, Shanghai, and Guangzhou, up 7.6 percentage points since last year, according to a report (in Chinese) by Peter Lu, managing partner and chief analyst at China IntelliConsulting Corp. (CIC). Meanwhile, Google saw its share of the market shrink, falling 1.1 percentage points to 23 percent. Google's decline was offset somewhat by improved performance among students during the most recent six months. But the company continued to lose its older, more affluent users to Baidu, the report said. These figures are likely to step up the pressure on Google China President Kai-Fu Lee to deliver results for the company. Google China has grown quickly, hiring hundreds of staff and moving into a new building close to the campus of Beijing's prestigious Tsinghua University. But these investments have yet to deliver the hoped-for domination of China's search market and raised concerns the company expanded too fast in the country. Those concerns came to a head in April, whenÂ Google admittedÂ that a software tool released by its Chinese operations used a database developed by rival Sohu.comÂ for a competing product -- a stunning admission for a company that is widely respected for the strength of its engineering operations and the caliber of its software developers. The CIC report had some good news for Google. The company's efforts to strengthen its Chinese search capabilities are recognized by users, with 58.5 percent of respondents in a survey saying they'd noticed changes to the search engine. Of those respondents, 65.3 percent said Google's Chinese search engine had improved. Other search engines also saw their share of the search market decline. Yahoo China, which is run by Alibaba.com, saw its share drop 2.9 percentage points to 2.3 percent of the market, while Sohu.com's Sogou search engine fell 1.4 points to 1.8 percent. Â
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Baidu is doing what no other Internet company has been able to do: clobbering Google and Yahoo in its home market.
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Chinese media company Sohu.com  Inc on Monday reported a 148 percent rise in quarterly profit,  fueled by record growth in advertising and online gaming in the  world's second biggest Internet market.