Baidu’s profits skyrocket in FY2020

Beijing, 17th February: Last week, Baidu, the leading search engine in China, released its financial results for the year ended 31st December 2020. Revenues in the year were US$16 billion, flat compared with the previous year.

The company’s net income in the year was US$3.4 billion, which represents an increase nine times increase compared with the previous financial year. Diluted earnings per share in 2020 were RMB 64.98 (US$9.96).