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Baidu Inc. (BIDU), owner of China’s dominant search engine, reported fourth-quarter profit that topped analysts’ predictions as companies boosted spending on online advertising to reach users in the top Internet market. Profit excluding certain items was 95 cents per American depositary receipt, compared with 90 cents, the average estimate of analysts surveyed by Bloomberg. Net income climbed 77 percent to 2.05 billion …
Read More »Baidu Tops Estimates Amid Higher Ad Spending
