Baidu Li Yanhong: No plans to enter the tourism market

[May Point Network] Baidu officially released the first quarter of 2010 financial report on April 29. According to the report, Baidu’s total revenue for the first quarter was RMB 1.294 billion (US$189.6 million), a year-on-year increase...

[May Point Network] Baidu officially released the first quarter of 2010 financial report on April 29. According to the report, Baidu's total revenue for the first quarter was RMB 1.294 billion (US$189.6 million), a year-on-year increase of 59.6%. The first quarter net profit was RMB 480.5 million (US$70.4 million), an increase of 165.3% year-on-year. .

Baidu Chairman and CEO Li Yanhong said in a subsequent conference call that Baidu has no plans to enter the travel market. Previously, the Baidu Travel Channel was quietly launched a year ago. (China Net)

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