Wednesday, August 24, 2005

China/Internet/Baidu.com


Financial Times: Sales growth set to slow at Baidu


"Baidu.com, China’s leading internet search company, expects revenues to rise 11-16 per cent in the third quarter compared with the previous three months, a marked slowing in the new Nasdaq star’s sequential sales growth."

"In its first outlook forecast since its IPO won a rapturous reception from US investors this month, Baidu said it expected revenues from July to September to reach Rmb77.4m-Rmb81.2m ($9.6m-$10m), compared with Rmb69.7m in the second quarter."

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