Baidu, Inc. (BIDU) Seeing Strength Today
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Baidu, Inc. (Nasdaq: BIDU) is seeing strength today as it is trading up over 8% or $21 to over $285.
iResearch Consulting Group, a leading market research firm in China, said in a research report that Google (Nasdaq: GOOG) and Baidu received 95% of China's total search queries.
The report also said that Baidu accounted for 74.1% of the total search traffic, up 2.1% points from the previous quarter.
The research firm forecasted that Baidu's Q2 could see a large increase in queries, strongly contributed by prevalent issues like the anniversary of the Sichuan earthquake and A/H1N1 flu.
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iResearch Consulting Group, a leading market research firm in China, said in a research report that Google (Nasdaq: GOOG) and Baidu received 95% of China's total search queries.
The report also said that Baidu accounted for 74.1% of the total search traffic, up 2.1% points from the previous quarter.
The research firm forecasted that Baidu's Q2 could see a large increase in queries, strongly contributed by prevalent issues like the anniversary of the Sichuan earthquake and A/H1N1 flu.
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