Baidu releases Q1 2017 results, CFO takes a new role of Baidu Capital CEO

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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