Message #16 From:
Stock News Bot Date: December 30, 2007 08:26:36 AM
Baidu.com CFO Dies In Accident
China's Dominant Search Engine, Baidu.com, Says CFO Shawn Wang Died in Accident
BEIJING (AP) -- The chief financial officer
of China's dominant Internet search engine Baidu.com has died after an
accident while on vacation in China, the company said.
Shawn Wang,
who joined the company in 2004, helped Baidu list on the Nasdaq stock
exchange the following year. He died on Dec. 27 during a Christmas
vacation in China, the company said in a notice seen Sunday on its Web
site. The company did not give further details and officials could not
be reached for comment Sunday.
"Shawn's leadership and vision
helped transform Baidu into a leading U.S. public company, and his
presence will be greatly missed," Robin Li, chairman and chief
executive said in the statement.
Baidu.com is the dominant search
engine in China, with a 60.7 percent market share, according to
research firm Analysys International. U.S. giant Google Inc. is in
second place with 23.7 percent.
