Sunday, December 30, 2007

Sad Day for Baidu

Baidu's CFO Shawn Wang died in China's Hainan Island in a diving accident on Thursday.

Under his leadership, Baidu has gained international fame for the successful IPO on Nasdaq and later reached market cap over $10 billion dollars.

Baidu has also gained dominance in the Chinese search market with over 70% market share, withstanding Google's constant but unsuccessful onslaugts in the last few years.

He will be missed by many at Baidu during a busy time when Baidu just started it's international expansion as well as the to be launched C2C business early next year.


Post a Comment

Subscribe to Post Comments [Atom]

<< Home