BEIJING, Jan. 16, 2017 /PRNewswire/ -- Baidu,
Inc. (NASDAQ: BIDU) ("Baidu" or the "Company"), the leading
Chinese language Internet search provider, today announced the
appointment of Dr. Qi Lu as Baidu's Group President and Chief
Operating Officer, in charge of products, technology, sales,
marketing and operations, effective immediately.
Prior to joining Baidu, Dr. Lu served as Microsoft's
Global Executive Vice President and led one of Microsoft's three
business units.
"We are delighted to welcome Dr. Qi Lu to our
senior executive team," said Robin
Li, Baidu's Chairman and Group CEO, "Dr. Lu possesses a
wealth of leadership and management experience, and is a leading
authority in the area of artificial intelligence. I am confident
that Dr. Lu will make major contributions to the overall strength
of our management and technology. To achieve our goals, especially
in artificial intelligence, which is a key strategic focus for the
next decade, we will need to continue attracting the best global
talent. With Dr. Lu on board, we are confident that our strategy
will be executed smoothly and Baidu will become a world-class
technology company and global leader in AI."
"I am delighted to join Baidu," said Dr. Lu. "Baidu is well
known as one of China's top
technology companies, and is already recognized on the global stage
as a leader in AI. I am excited to help realize Baidu's visionary
AI strategy. To be part of Baidu's evolution into a world-class
technology company for the AI-era is a tremendous opportunity.
Under Robin's leadership, I look forward to working with the entire
Baidu team to create a true global technology leader."
Dr. Lu received bachelor and master degrees in computer science
from Fudan University in Shanghai
and a PhD in computer science from Carnegie
Mellon University. He holds over 40 US patents and has
authored many papers in his field. He joined Yahoo! in 1998 and
later became Senior Vice President in charge of search and
advertising technologies, and subsequently became Executive Vice
President in 2007. In 2009 he joined Microsoft as President of its
Online Services Group. In 2013, Dr. Lu was appointed as Microsoft's
Global Executive Vice President and was put in charge of its Office
business.
About Baidu
Baidu, Inc. is the leading Chinese language Internet search
provider. As a technology-based media company, Baidu aims to
provide the best and most equitable way for people to find what
they're looking for. In addition to serving individual Internet
search users, Baidu provides an effective platform for businesses
to reach potential customers. 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,
as well as Baidu's strategic and operational plans,
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: our growth strategies; our future
business development, including development of new products and
services; our ability to attract and retain users and customers;
competition in the Chinese, Japanese and other Internet search
markets; competition for online marketing customers; changes in our
revenues and certain cost or expense items as a percentage of our
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 our
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
For investor inquiries, please contact:
China
Sharon Ng
Baidu, Inc.
Tel: +86-10-5992-4958
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SOURCE Baidu, Inc.