Baidu sees growth rate slowing in 2011

Baidu sees growth rate slowing in 2011



(Reuters) - A senior executive of China's top search engine, Baidu Inc, forecast its top-line and bottom-line growth rates to moderate over the next year, sending its shares down 6 percent on Wednesday.

Haoyu Shen, Baidu's senior vice president of business operations, said that after this year's fast-paced growth the company will face tougher comparisons in 2011, although it would seek to grow through acquisitions and new advertising methods.

"No ... We have such a bigger base," he said at the Reuters China Investment Summit when asked whether the firm can keep up its stellar top- and bottom-line growth rates into next year.

http://www.reuters.com/article/idUSTRE6BE1F820101216

its competitors have been stronger in 2011 than before. they are sohu, tencent, etc.

Haoyu Shen, Baidu's chief carnality admiral of business operations, said that afterwards this year's fast-paced advance the aggregation will face tougher comparisons in 2011, although it would seek to abound through acquisitions and new commercial methods.