Baidu Revenues Down In Q2 Results, Will Continue Its Acquisiton Drive

Sales figures of Chinese search giant Baidu came along today reflecting a 4.5 percent YoY decrease in net profit to RMB2.64 billion ($430.8 million) for Q2, 2013, while revenue has increased about 38.6 percent to RMB7.56 billion ($1.23 billion) compared to same period. In this quarter company added 58,000 new customers facing intense market competition mainly the newbie Qihoo which …