Baidu Inc. released its data showing a surprising slowdown in profit growth in the first quarter. The company is grappling with its concerns over accelerating costs. Baidu Inc. has to face the music and learn how to make money in mobile services. In its attempts to do that, the China’s company is ready to expand by acquisitions while it is trying to make the best of the growing popularity of the omnipresent mobile devices.
China’s search engine Baidu Inc. reported that third-quarter profit grew approximately 60 percent from a year earlier to roughly $478.6 million due to advertisements. The reported Baidu Inc.’s revenue growth, however, slowed down amid an economic slowdown in China.