Thursday, September 2, 2010

Baidu to focus mobile Internet investment on search biz

HONG KONG:'' Baidu Inc, operator of China's dominant search engine, said on Thursday. Sept 2 that it will focus its future mobile Internet investments on its core search business as it takes aim at the next big Internet space.

Baidu CFO Jennifer Li, speaking at a company event, said broader future investment priorities for the company would include mobile Internet and ecommerce initiatives in the business-to-comsumer space.

Baidu began expanding its investments in mobile Internet last year, including its introduction of a Baidu text input method and mobile maps. The company also set up a mobile Internet department. - Reuters


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