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Baidu tops revenue forecasts

Baidu (BIDU), China’s leading search engine reported first-quarter net income grew 24%. Baidu’s total revenues in the first quarter of 2009 were CNY810.7 million (USD 118.76 million), a 41.1% increase from the corresponding period in 2008. Net income for the … Read More

Miva calls it a day in France

Abondance reports that Miva has announced the closure of its French operation. The service will cease on the 28th April and all publishers are to be paid their due fees. Advertisers will also be reimbursed any unspent fees.

Baidu accused of being a monopoly

Baidu.com, China’s leading search engine company, has been accused of being a monopoly by the Tangshan Renren Information Service Company (TRISC) who is demanding more than 1.1 million renminbi (USD $160,000) in compensation. The suit was opened at the Beijing … Read More

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