News Summary: Profit growth slows at China's Baidu
News Summary: Profit growth slows at Chinese search engine Baidu as costs rise
PROFIT SLOWDOWN: Baidu Inc., which operates China's most popular search engine, says profit rose 8.5 percent in its latest quarter, to about $329 million. That's down from growth of 36 percent in the previous period.
REVENUE GROWTH: Revenue rose 40 percent to $961 million, but expenses climbed faster.
MOBILE WOES: Baidu dominates China's PC-based search market, but it has lost some market share in mobile. Increasing numbers of Chinese people are browsing the Internet on mobile phones and tablets.
