"We were pleased to see strong results in the third quarter as revenue remained on a solid growth trajectory," said Robin Li, chairman and chief executive officer of Baidu. "Mobile search revenues in particular continued to grow at an exciting pace as more of our customers recognize the benefits of mobile marketing on the Baidu platform."
Mr. Li continued, "I am proud of the progress we made during the quarter. Our flagship mobile products like search and maps continue to gain momentum. We solidified our mobile native app distribution capabilities with the 91 Wireless acquisition. And we introduced search-enabled Light Apps, which will allow users to more easily discover long tail app content, and will offer developers a powerful distribution channel in Baidu mobile search."
"Our focus on investment continues, and we are now seeing real returns, particularly in mobile user adoption and in monetization," commented Jennifer Li, Baidu's chief financial officer. "In the quarters ahead, we will continue to invest aggressively in order to position ourselves well in this rapidly developing mobile market."