Baidu revenue falls short of estimates as customers go mobile

(Reuters) - Baidu Inc, owner of China's dominant search engine, reported a lower-than-expected 47.5 percent rise in quarterly revenue as more users switched from PCs to mobile devices, which have less space for more lucrative forms of advertising. Baidu, sometimes referred to as China's Google, reported revenue of 14.05 billion yuan, or £1.47 billion, for the fourth quarter, falling short of the average analyst estimate of 14.12 billion yuan, according to Thomson Reuters I/B/E/S. Mobi