Chinese search engine internet Baidu has announced the unaudited consolidated results for Q1 2017 today, reporting the second consecutive decline in quarterly net profit.

The company reported a net profit of RMB 1.78 billion for 2016, down 10.6% from the previous year, on revenue of RMB 16.89 billion, up 6.8 percent, according to the financial report.

The biggest chunk of revenue still comes from online marketing, which made up 87.25% of the company’s total revenue in Q1.

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Sheila Yu

Sheila Yu is a Shanghai-based technology writer. She brings readers the biggest news from Chinese language tech media. Reach her at sheila@technode.com.