Baidu soaring on profits!

Baidu soaring on profits!While Google plans to exist the hot web market of China, holding 380 million of web user's, Baidu Inc. topped the charts by soaring results this quarter opening accounting for a 48% plunge in profits and 40% inclination in revenues.

The Net Giant is shifting gears on the sales, marketing and development & research domain after the launch of its Phoenix Nest's Ad system in its territory to capture the growing online market in China.

While Baidu Inc. earns the 60% of the market share, it is feeling optimistic on the announcement of Google's departure from Chinese market.

The giant has outperformed the internet stocks in China with making a plunge in the international stocks as well.

For the quarter closing, Baidu banged 13% inclusion of online customers churning out earnings of 427.9 million yuan, compared with 288.7 million yuan, a year earlier.