2Q2017 Key Highlights – Baidu, Alibaba, Tencent and Jingdong’s Financial Report The Internet sector in China is still booming. Baidu, Alibaba, Tencent and Jingdong (JD) have achieved increased profits this quarter, showing that China’s Internet sector is still booming despite a fairly saturated market. Baidu’s revenues rose 14.3% this quarter to RMB20.874 billion, according to an article from the Financial Times. Alibaba’s revenue for the quarter was RMB50,184 million (US$7,403) million, an increase of 56% year-over-year, according to a press release from Alibaba. Tencent revenue was RMB56,606 million (USD8,356 million), an increase of 59% over the second quarter of 2016, […]