Online upstarts can have a tremendous amount of growth potential. Today’s Screen of the Day lands on Young Guns, a group of companies that have only gone public within the last 15 years. Baidu (BIDU) is among four of the Internet firms featured in the screen. The Chinese search engine’s Q2 earnings rose 37% to $1.73, handily beating views for $1.32. Revenue soared 57% to $1.93 billion, topping estimates for $1.9 billion. Baidu said that its
Baidu (BIDU) stock on Friday jumped to its fifth consecutive all-time high after the dominant Chinese search firm late Thursday reported Q2 earnings that solidly beat Wall Street estimates, fueled by mobile growth. Baidu was up 9.5% in early afternoon trading in the stock market today, near 224. The company broke Wall Street’s estimates with earnings of $.173 a share, up 37% from the year-earlier period. Analysts had expected $1.32. Baidu’s Q2
With China’s mobile Internet users surpassing personal computer Internet users in the first half of 2014, Web companies led by Baidu (BIDU) and Tencent are taking advantage of new opportunities in social networking, games and payments, says a Citigroup report. According to the China Internet Network Information Center, the country’s number of mobile Internet users reached 527 million in the first half on 2014, reflecting 83.4% of total Internet