Baidu to focus mobile Internet investment on search
HONG KONG (Reuters) - Baidu Inc, operator of China's dominant search engine, said on Thursday that it will focus its future mobile Internet investments on its core search business as it takes aim at the next big Internet space.
Baidu CFO Jennifer Li, speaking at a company event, said broader future investment priorities for the company would include mobile Internet and ecommerce initiatives in the business-to-consumer space.
Baidu began expanding its investments in mobile Internet last year, including its introduction of a Baidu text input method and mobile maps. The company also set up a mobile Internet department.
(Reporting by Huang Yuntao, writing by Doug Young; Editing by Chris Lewis)