BEIJING, May 18, 2018 /PRNewswire/ -- Baidu, Inc. (NASDAQ:
BIDU) ("Baidu" or the "Company"), the leading Chinese language
Internet search provider, today announced that Qi Lu will no longer
serve as chief operating officer of the company starting in
July 2018 and will continue to serve
as vice chairman of the board of directors.
"I like to express my sincere gratitude to Qi, who took over
daily operational management at Baidu in the past year to give me
more time to contemplate on the company's strategic course. We have
seen many positive changes at Baidu since Qi joined last year. I'm
especially impressed by Qi's integrity, dedication to work and
sharp insights into technologies and businesses," said Robin Li, Co-Founder and CEO of Baidu. "With
Baidu's strategy to transform into an AI-first company firmly in
place, we are well positioned to continue the momentum that we have
built in the past year."
"I have deeply enjoyed working with Robin and my team at Baidu.
I'm honored to have participated in Baidu's transition into an
AI-first company. Due to personal and family reasons, I am no
longer able to work in China on a
full-time basis," said Qi Lu. "Baidu is a great company with strong
talent and deep technologies. I am highly optimistic on Baidu's
future and will continue to support Baidu, while spending more time
with my family in the U.S. For my next steps, I plan to work in
research and investment areas, to help advance our shared mission
to make a complex world simpler through technology."
Also today, Baidu announced that Haifeng
Wang has been promoted to senior vice president and general
manager of Baidu's AI Group (AIG).
"Haifeng has been a role model at Baidu, representing our
engineering culture of being practical, self-motivated and
responsible, as well as exemplify Baidu's culture to be simple and
reliable," added Robin. "Haifeng has played an important role in
Baidu's acquisition of engineering talent, helping Baidu drive
innovation and commercialization of AI technologies."
Haifeng Wang joined Baidu in 2010
and became a vice president in October
2013. Dr. Wang oversees the company's AI efforts in machine
learning, big data, computer vision, natural language processing,
speech technology, knowledge graph, robotics and augmented reality.
From 2014 to 2017, Dr. Wang managed Baidu's core search products,
and previously served as the chief research scientist at Toshiba's
R&D Center. Dr. Wang holds a B.S., M.S., and Ph.D. in computer
science from the Harbin Institute of Technology. He has published
approximately 100 academic papers related to AI and was honored
with the National Scientific Innovation and Advancement Award
(2017) and the Second Prize of National Science and Technology
Progress Award (2015).
About Baidu
Baidu, Inc. is the leading Chinese language Internet search
provider. Baidu aims to make a complex world simpler through
technology. Baidu's ADSs trade on the NASDAQ Global Select Market
under the symbol "BIDU." Currently, ten ADSs represent one Class A
ordinary share.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "confident" and similar statements. Among
other things, the quotations from management in this announcement
contain forward-looking statements. Baidu may also make written or
oral forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission, in its annual report to
shareholders, in press releases and other written materials and in
oral statements made by its officers, directors or employees to
third parties. Statements that are not historical facts, including
statements about Baidu's beliefs and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: Baidu's growth strategies; its future business
development, including development of new products and services;
its ability to attract and retain users and customers; competition
in the Chinese Internet search market; competition for online
marketing customers; changes in the Company's revenues and certain
cost or expense items as a percentage of its revenues; the outcome
of ongoing, or any future, litigation or arbitration, including
those relating to intellectual property rights; the expected growth
of the Chinese language Internet search market and the number of
Internet and broadband users in China; Chinese governmental policies relating
to the Internet and Internet search providers and general economic
conditions in China, Japan and elsewhere. Further information
regarding these and other risks is included in the Company's annual
report on Form 20-F and other documents filed with the Securities
and Exchange Commission. Baidu does not undertake any obligation to
update any forward-looking statement, except as required under
applicable law. All information provided in this press release and
in the attachments is as of the date of the press release, and
Baidu undertakes no duty to update such information, except as
required under applicable law.
Contacts
Investors Relations, Baidu, Inc.
Tel: +86-10-5992-4958
Email: ir@baidu.com
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SOURCE Baidu, Inc.