Financial Times FT.com

New technology hurts Baidu outlook

By Kathrin Hille in Beijing

Published: October 27 2009 02:53 | Last updated: October 27 2009 18:59

Chinese construction workers rest near a giant advertisement for internet search provider, Baidu.com
China’s leading internet search engine will swap over to a new online marketing technology in early December

Baidu shares dropped sharply on Tuesday after China’s leading internet search engine predicted that its planned switch to a new online marketing technology in early December would squeeze revenues.

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