Internet search provider delivers fourth-quarter profit and revenue beats; considers IPO of video unit

Chinese search giant Baidu Inc. is clawing its way back from a challenging year on the strength of advertising and its move to pare down its noncore businesses.

The Beijing-based company on Tuesday reported revenue of 23.6 billion yuan ($3.7 billion) for the three months ended Dec. 31, up 29% from the year-earlier period. Net income rose to 4.2 billion yuan, up 1% year over year.

Sales...

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