Baidu search engine ‘soar’ after Google China Collapse

Internet news – Google’s departure from China last month, good for competitors, Baidu.com. Growing popularity of Baidu is now dashed. Baidu, has always been leading the Internet search engine in China, long before Google decided to halt operations in the country the bamboo curtain. Thus the quoted statement from PC World, Thursday (04/29/2010).

Net profits doubled in the first quarter of this year with revenues inevitably contribute to strengthen its presence in the online marketing area. Baidu had a special place in the search engine market share in China while Google fell in decline.

“We experienced another, more powerful quarters, with a record of the highest revenue growth and profitability,” Baidu said Chairmain and CEO Robin Li.

Baidu revenue increased 59.6 percent from year to year in the first quarter to 1.29 billion yuan in China. Net profits were up 165.3 percent to 480.5 million yuan in China. Baidu estimate their income will reach a new record in the second quarter, between 1.83 billion to 1.87 billion yuan in China.

Li admitted that Google’s decision will leave the company’s impact on China’s part. “I see, we benefit from so-called ‘semi-exit’ by Google. But Baidu’s performance is supported by more than Baidu own hard efforts,” he explained.

Team of analysts from Analysys International, China said the market share of Baidu in China rose to 64 percent in the first quarter. In the previous quarter’s market share of Baidu occupies a percentage of 58.4 percent. While Google declined to 30.9 percent from 35.6 percent previously.

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