Baidu's Q1 2014 sales forecast beat analyst estimates, with revenue in the quarter projected to grow to $1.5B to $1.55B, a 60% increase over last year. Mobile continues to drive Baidu's revenue growth, including as a result of the company's $1.9B acquisition of the 91 Wireless, China's most popular app store, in August 2013. Baidu expects focus on its mobile search, security and location-based applications to reach its revenue targets. To keep pace with Alibaba, Tencent and other competitors, Baidu will explore additional acquisition opportunities in 2014, according to CEO Robin Li.
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