No 7 Baidu

Baidu Inc, China's leading Internet search provider, said in April that its first-quarter revenue soared 59.1 percent year-on-year to 9.5 billion yuan ($1.53 billion).

The Beijing-based company released unaudited results for the first three months of this year that show net profit expanded 24.1 percent year-on-year to 2.54 billion yuan.

The solid performance was powered by the company's core search business, said Robin Li, founder and chief executive officer of the Nasdaq-listed Baidu.

Employees sit in the lobby of the headquarters of Chinese search engine Baidu in Beijing, on May 22, 2014. [Photo/IC]

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