Baidu Releases Figures For Q3 2017

The Chinese search engine Baidu has released its figures for Q3 2017. It revealed that it saw its net income for the quarter grow by a staggering 156% year-on-year to 7.9 billion yuan. Online marketing revenues rose by 22% year-on-year to 20.1 billion yuan for the quarter. This was driven primarily by mobile revenues, which accounted for 73% of the total. Baidu is currently transitioning from being a search and marketing company to being a technology company driven by mobile and AI. Robin Li, Baidu's CEO, commented on the Q3 results, saying: “In the third quarter, we made good progress in our strategic pillars to strengthen our mobile foundation and lead in AI”.