Social Search

Chinese Internet search giant Baidu Inc posted higher than expected profits for the fourth quarter beating all estimates. Shares of Baidu rose 7.7 percent in after-hours trade following the upbeat earnings report on Monday.

Last year Baidu got more market share after rival Google Inc curtailed its operations following a high-profile fallout with Beijing over censorship.

Google expressed its belief in that Facebook is not the only successful social network and other social networking websites could becomes as big as Facebook.