Chinese Search Engine Baidu Reports Strong First Quarter

Baidu, which operates the largest search engine portal in China, announced on Thursday that its first-quarter profits had increased by 165 percent. According to The Associated Press, profits rose thanks to increased advertising revenue and volume of advertising customers.

The Beijing-based company said that net income in the three-month period ending March 31 rose to $70.4 million, or $2.02 a share. Revenues grew 60 percent during that period to $189.6 million. Both figures beat estimates given in a poll of analysts by Thompson Reuters – the analysts who participated had predicted earnings of $1.50 per share on revenue of $180 million.

According to The Associated Press, Baidu said it had about 221,000 active online marketing customers, up nearly 20 percent from a year earlier but down 1 percent from the previous quarter.

Revenue per online marketing customer rose 34 percent from a year earlier to $864. That figure was up 3.5 percent from the previous quarter.

For the second quarter, Baidu said it expects revenue to rise 67 percent to 70 percent to between $268 million and $274 million.

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Reputation Defender – Giggs Outed

Giggs Outed – Reputation Defender

Ryan Giggs Outed by MP as Super Injunction footballer

Super Injunction had stopped the discovery of facts about their affair

A wedded footballer named on Twitter as having a super injunction over a supposed adulterous affair with a reality TV star has been acknowledged in Parliament as Ryan Giggs.

Lib Dem MP John Hemming outed Giggs through an urgent Commons question on privacy orders.

Using parliamentary privilege to break the court order, he said it would not be practical to imprison the 75,000 Twitter users who had named the player.

The High Court has again ruled that the injunction should not be lifted.

It rejected two attempts on Monday to overturn the ban, the first after a Scottish paper named the footballer on Sunday, and the second after Mr Hemming’s action.

Twitter order

The player obtained the order against ex-Big Brother contestant Imogen Thomas, who is a former Miss Wales, and the Sun newspaper.

The footballer’s lawyers have also obtained a High Court order asking Twitter to reveal details of users who had revealed his identity after thousands named him.

Parliamentary privilege protects MPs and peers from prosecution for statements made in the House of Commons or House of Lords.

Addressing MPs, Mr Hemming said: “Mr Speaker, with about 75,000 people having named Ryan Giggs it is obviously impracticable to imprison them all.”

 

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