SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2017
File Number: 000-51469
No. 10 Shangdi 10th Street
Haidian District, Beijing 100085
The Peoples Republic of China
(Address of principal executive offices)
Indicate by check mark whether
the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
/s/ Herman Yu
||Chief Financial Officer|
Date: September 20, 2017
Exhibit 99.1Press Release
Baidu Appoints Herman Yu as Chief Financial Officer
BEIJING, SEPTEMBER 18, 2017 Baidu, Inc. (the Company or Baidu) (NASDAQ: BIDU), the leading Chinese language internet
search provider, today announced the appointment of Herman Yu as chief financial officer, effective immediately.
We are delighted to have Herman Yu
join our executive team at Baidu, said Robin Li, Baidus chairman and chief executive officer. Herman brings invaluable financial management, capital market and leadership experience, having served as CFO of US-listed internet companies for 10 years, as well as having held management roles at high tech companies in both the US and China. I look forward to working with Herman in his new capacity, as Baidu enters the next
stage of growth in the AI era.
I am deeply honored to join Baidu, a world-class technology company, said Mr. Yu. I look
forward to working with Baidus talented management team to realize the tremendous potential in the AI era.
Herman Yu joins Baidu from Weibo
Corp. (NASDAQ: WB), where he has served as chief financial officer since 2015. Prior to Weibo, Mr. Yu worked at SINA Corp. (NASDAQ: SINA) from 2004 to 2015, most recently as chief
financial officer from 2007 to 2015. Mr. Yu began his
career at Arthur Andersen and has held various finance and accounting management positions at Adobe Systems Inc., Cadence Design Systems, Inc. and VeriFone Systems, Inc. He is a California Certified Public Accountant and holds a B.A. in Economics
from the University of California and an M.A. in Accountancy from the University of Southern California. Mr. Yu serves on the boards of 58.com Inc. (NYSE: WUBA), ZTO Express Inc. (NYSE: ZTO), and Tian Ge Interactive Holdings Limited (SEHK:
Jennifer Li will step down as chief financial officer of Baidu and serve the Company as a senior advisor to senior management. Jennifer is chief
executive officer of Baidu Capital, a private equity firm focused on AI-enabled opportunities.
Baidu, Inc. is the leading Chinese language Internet search provider. Baidu aims to make a complex world simpler through technology. Baidus
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 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 Baidus 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: Baidus growth strategies; its future business development, including
development of new products and services; its ability to attract and retain users and customers; competition in the Chinese Internet search market; competition for online marketing customers; changes in the Companys revenues and certain cost
or expense items as a percentage of its 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 the Companys 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
For investor inquiries, please contact: