Baidu rebounds in Q2 with 83% jump in net income
Baidu's search engine dominates the Chinese internet (AFP Photo/STR)/ Chinese internet giant Baidu said Friday that its net income had soared 83 percent in the second quarter -- a strong recovery from tumbling profits in 2016 thanks to drastic spending cuts. Though Baidu's profit had fallen by two-thirds in 2016 and dropped even further in the first quarter of 2017, "China's Google" pulled itself together in quarter two, attaining a net income of 4.4 billion yuan ($652 million) in the period from April to June -- an 82.9 percent increase ...
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