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Baidu Is Building Its Mobile Strategy But Says Don’t Discount PC Yet

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http://techcrunch.com – Baidu shares have fallen 18% over the last quarter as investors worry that the search giant won’t be able to monetize its mobile business quickly enough to outpace domestic competitors like Qihoo 360 and Tencent Holdings. But Baidu, known as China’s Google, is confident that it will be able to remake itself as a platform provider for both mobile and PC. Though it may be a couple years until Baidu can close the monetization gap with mobile, the company’s director of international communications, Kaiser Kuo, said the company is on target to reach its goal of having Baidu’s new browse (IT news)