Baidu mobile revenue to rise

Investor's Business Daily

The Chinese search engine's mobile revenue could account for 15%-20% of its total revenue by Q4, vs. 10% in Q2, Nomura Research said. That estimate excludes 91 Wireless Websoft, an online gaming app store, which Baidu (BIDU) last month said it's buying for $1.85 bil. Nomura says "mobile traction is necessary for top-line growth" because it expects PC search queries to be down 5% year over year in '13. Shares were down 1% at $132.99.

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