Baidu's revenues are on fire.... Those who said that with the departure of Google we would be seeing some bullish numbers coming out of Baidu were right... really right. This week, Baidu Inc. announced that they posted a 76.4% revenue increase for the third quarter ended September 30, 2010.
Total revenues in the third quarter of 2010 were CNY2.256 billion, a whopping 76.4% increase from the corresponding period in 2009. Net income in the third quarter of 2010 was CNY1.047 billion, a 112.4% increase (i bow my head low with respect and admiration at this achievement) from the corresponding period in 2009. Now thats a great quarter and one that surely must have people in the West sitting up and asking how this can be happening and happening so fast.