China's Baidu posts jump in revenue as mobile traffic grows

(Reuters) - Baidu Inc, owner of China's dominant search engine, reported a 47.5 percent rise quarterly revenue, helped by growth in mobile traffic. The company, sometimes referred to as China's Google, reported revenue of 14.05 billion yuan (£1.4 billion), for the fourth quarter. Mobile revenue represented 42 percent of total revenue, up from 36 percent in the third quarter, Baidu said. (Reporting by Supantha Mukherjee in Bengaluru)