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.
Start your free trial now.
Get instant access to all our premium content, archives, newsletters, and online community.
Monthly Membership
Yearly Membership
What you get
Full access to all premium content and our full archives
Members'-only newsletters
Preferential access and discounts to all TechNode events
Direct access to the TechNode newsroom
Start your free trial now.
Get instant access to all our premium content, archives, newsletters, and online community.