BEIJING, Oct. 8, 2024
/PRNewswire/ -- Baidu, Inc. ("Baidu" or the "Company") (Nasdaq:
BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), a leading
AI company with strong Internet foundation, today announced certain
management rotation. Mr. Rong Luo will be serving as Executive Vice
President in charge of the Baidu Mobile Ecosystem Group (MEG),
and no longer serve as Chief Financial Officer, effective
immediately. Concurrently, Mr. Junjie
He has been appointed as the Interim Chief Financial Officer
of the Company, transitioning from his current position as Senior
Vice President and Head of the Baidu Mobile Ecosystem Group (MEG).
This management rotation underscores Baidu's ongoing commitment to
fostering executive leadership development, optimizing
organizational structure and supporting Baidu's long-term growth
objectives.
"On behalf of the board of directors and senior management, we
are delighted to welcome Mr. Rong Luo to his new role as head of
the Baidu Mobile Ecosystem Group, and we are confident that his
leadership will continue to be instrumental in this position. We
also extend our sincere appreciation to Mr. Luo for his significant
contributions as our Chief Financial Officer over the past few
years. In addition, we will have Mr. Junjie
He join our management team with his new role as the
Company's Interim CFO, and we believe his extensive experience in
management, investment and finance will be invaluable in driving
Baidu's strategic initiatives going forward," said Mr. Robin
Yanhong Li, Baidu's co-founder and CEO.
Mr. Junjie He joined Baidu in June
2019 and has served as a Senior Vice President of the
Company and the head of the Baidu Mobile Ecosystem Group (MEG)
since May 2022. Prior to that,
Mr. He oversaw Baidu's M&A (Mergers &
Acquisition), SIM (Strategic Investment Management), SOM (Sales
Operation and Management), and FP&A (Financial
Planning & Analysis) departments. Prior to joining Baidu,
Mr. He had rich work experience with investment firms including
China International Capital Corporation (CICC), CITIC Private
Equity and Warburg Pincus. Mr. He obtained his bachelor's
degree from the Guanghua School of Management, Peking University in
2007.
About Baidu
Founded in 2000, Baidu's mission is to make the complicated
world simpler through technology. Baidu is a leading AI company
with strong Internet foundation, trading on Nasdaq under "BIDU" and
HKEX under "9888". One Baidu ADS represents eight Class A ordinary
shares.
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. Baidu may also make written or oral
forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission, in announcements made on the
website of The Stock Exchange of Hong Kong Limited (the
"Hong Kong Stock Exchange"), 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 but
not limited to 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 and newsfeed 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 and
newsfeed 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 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, and announcements on
the website of the Hong Kong Stock Exchange. 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 is as of the date of the press release, and
Baidu undertakes no duty to update such information, except as
required under applicable law.
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SOURCE Baidu, Inc.