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Chinese search engine Baidu hires Weibo CFO as finance chief amid AI push

Baidu is trying to drive a recovery in its fortunes after a string of regulatory investigations last year hit profit

Reuters  |  Shanghai 

Chinese search engine giant Baidu Inc said on Monday it had hired the finance chief of Weibo Corp as its chief financial officer, marking a leadership change for the firm as it hones its focus onto artificial intelligence. The appointment of Herman Yu, Weibo's CFO since 2015, sees Baidu stalwart Jennifer Li step down as CFO after almost a decade in the role to become a senior adviser to Baidu's top management, the company said in a statement. Baidu is trying to drive a recovery in its fortunes after a string of regulatory investigations last year hit profit. A sharper ...

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First Published: Mon, September 18 2017. 11:16 IST
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