Baidu Says Quarterly Profit up 16 Percent

February 12, 2015 4:34 AM

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Baidu Inc., which operates China's most popular Internet search engine, says its quarterly profit rose 16 percent but growth slowed as it spent more to attract users.

The Beijing-based company said Thursday it earned 3.2 billion yuan ($520.4 million) in the three months ending Dec. 31. Revenue rose 47.5 percent to 14 billion yuan ($2.3 billion).

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