, Baidu bets on purchases as its sees slow profit growth
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.
