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Olympics equal gold for Baidu Q2


July 23, 2008 Baidu.com, China's top search engine, posted an 87% surge in quarterly profits Thursday, boosted by Internet traffic growth ahead of the Beijing Olympics. Beijing-based Baidu, which has nearly 65% of the Chinese market, posted a second-quarter profit of 265 million yuan ($38.6 million) for the three months ending June 30, compared with 141.9 million yuan a year earlier. "In the long term, Baidu will benefit from the Olympic Games as people will use Baidu.com more frequently to search Olympics-related news and information," Helen Zhang, a Baidu spokeswoman told The Hollywood Reporter.

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