The massive Chinese search engine is still growing fast thanks to an aggressive mobile strategy. So is its business, which has an annual growth rate of 78%. The company brought in revenues of $3.8 billion. Baidu ('s push into mobile included th $1.9 billion acquisition of 91 Wireless, one of China's leading app stores. That should put it in a stronger position vis-a-vis competitors Alibaba and Tencent, both of which were quicker to the mobile market. Baidu is also preparing to take on China's YouTube equivalent, Youku-Tudou. )
In the past 12 months iBaidu bought online video portal PPStream as well as a majority stake iQiyi. Competitors beware.
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