Chinese online search giant Baidu on Wednesday said net profit for the third quarter jumped 56 percent on continued robust growth in revenue and traffic to its mobile app. The Beijing-based, Nasdaq-listed company credited “impressive” gains in its search function, news feed, and the new artificial intelligence (AI) projects that Baidu is staking its future on. Quarterly revenues remained strong, growing 27 percent year-on-year to 28.2 billion yuan, Baidu said in an statement.
