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Baidu profit up 60 percent, revenue growth slows

By Washington Examiner
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BEIJING (AP) — Baidu Inc., which operates China’s most popular search engine, said Tuesday its latest quarterly profit rose 60 percent but revenue growth slowed as the Chinese economy cooled.

Profit for the three months ending Sept. 30 was $478.6 million (3 billion yuan), the Beijing-based company reported. Revenue rose 49.7 percent to $994.6 million (6.3 billion yuan) but that growth was down from the previous quarter’s 60 percent.

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