Baidu: Growth Expected to Slow in 2011

Sina Tech, 12/15/10

Shen Haoyu, senior VP of Chinese internet company Baidu (Nasdaq: BIDU), has revealed that growth next year is expected to slow in comparison to this years' comparatively large increases in revenue and profits.

Shen believes Baidu's significant growth this year is due to the launch of its Phoenix Nest search advertising platform, Google's exit from the market and growth of China's economy overall, but said it is unlikely to recur next year.

Shen added that Baidu is more open to acquisition opportunities compared to last year due to developments in e-commerce and mobile applications, Baidu's rising stock price, cash reserves, and Baidu's leading market share of online search.

Keywords: M&A Shen Haoyu e-commerce Internet revenue online search Phoenix Nest Baidu Google BIDU profit

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