Baidu Pronounces Administration Rotation By Investing.com

BEIJING, Oct. 8, 2024 /PRNewswire/ — Baidu (NASDAQ:), Inc. (“Baidu” or the “Company”) (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), a number one AI firm with robust Web basis, in the present day introduced sure administration rotation. Mr. Rong Luo can be serving as Govt Vice President  accountable for the Baidu Cellular Ecosystem Group (MEG), and not function Chief Monetary Officer, efficient instantly. Concurrently, Mr. Junjie He has been appointed because the Interim Chief Monetary Officer of the Firm, transitioning from his present place as Senior Vice President and Head of the Baidu Cellular Ecosystem Group (MEG). This administration rotation underscores Baidu’s ongoing dedication to fostering government management improvement, optimizing organizational construction and supporting Baidu’s long-term development aims.

“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,” mentioned 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 Firm and the pinnacle of the Baidu Cellular Ecosystem Group (MEG) since Might 2022. Previous to that, Mr.  He oversaw Baidu’s M&A (Mergers  & Acquisition), SIM (Strategic Funding Administration), SOM (Gross sales Operation and Administration), and FP&A (Monetary Planning  & Evaluation) departments. Previous to becoming a member of Baidu, Mr. He had wealthy work expertise with funding companies together with China Worldwide Capital Company (CICC), CITIC Personal Fairness and Warburg Pincus. Mr.  He obtained his bachelor’s diploma from the Guanghua College of Administration, Peking College in 2007.

About Baidu

Based in 2000, Baidu’s mission is to make the sophisticated world less complicated via expertise. Baidu is a number one AI firm with robust Web basis, buying and selling on Nasdaq below “BIDU” and HKEX below “9888”. One Baidu ADS represents eight Class A atypical shares.

Secure Harbor Assertion

This announcement accommodates forward-looking statements. These statements are made below the “safe harbor” provisions of the  U.S.  Personal Securities Litigation Reform Act of 1995. These forward-looking statements may be recognized by terminology reminiscent of “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and related statements. Baidu may additionally make written or oral forward-looking statements in its periodic experiences to the  U.S. Securities and Trade Fee, in bulletins made on the web site of The  Inventory Trade of Hong Kong Restricted  (the “Hong Kong Stock Exchange“), in its annual report back to shareholders, in press releases and different written supplies and in oral statements made by its officers, administrators or staff to 3rd events. Statements that aren’t historic details, together with however not restricted to statements about Baidu’s beliefs and expectations, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. Various elements may trigger precise outcomes to vary materially from these contained in any forward-looking assertion, together with however not restricted to the next: Baidu’s development methods; its future enterprise improvement, together with improvement of latest services and products; its means to draw and retain customers and clients; competitors within the Chinese language Web search and newsfeed market; competitors for on-line advertising clients; modifications within the Firm’s revenues and sure price or expense gadgets as a proportion of its revenues; the result of ongoing, or any future, litigation or arbitration, together with these referring to mental property rights; the anticipated development of the Chinese language-language Web search and newsfeed market and the variety of Web and broadband customers in  China; Chinese language governmental insurance policies referring to the Web and Web search suppliers, and basic financial circumstances in  China  and elsewhere. Additional data relating to these and different dangers is included within the Firm’s annual report on Type 20-F and different paperwork filed with the  Securities and Trade Fee, and bulletins on the web site of the  Hong Kong Inventory Trade. Baidu doesn’t undertake any obligation to replace any forward-looking assertion, besides as required below relevant regulation. All data supplied on this press launch is as of the date of the press launch, and Baidu undertakes no obligation to replace such data, besides as required below relevant regulation.