BEIJING, Oct 24, 2006 /Xinhua-PRNewswire via COMTEX News Network/ -- Baidu.com, Inc. (Nasdaq: BIDU), the
leading Chinese language Internet search provider, today announced the
resignation of Jerry Liu as Chief Technology Officer (CTO), effective as of
December 19, 2006.
(LOGO: http://www.newscom.com/cgi-bin/prnh/20041011/BAIDULOGO )
"Under Jerry's management, our technology team has attracted outstanding
personnel and been at the forefront of online search technology in China,"
said Robin Li, Baidu's Chairman and CEO. "We wish Jerry all the best in his
"It has been a great privilege to play a role in making Baidu the leader
in Chinese search," said Jerry Liu. "With one of the best technology teams in
the internet industry worldwide focused on enhancing user experience, I have
no doubt that Baidu will continue to break new ground in search innovation."
"We'll continue to ensure Baidu's search leadership by hiring the best
talent and pursuing our strategy of developing products that users want," Mr.
Mr. Liu stated that he has decided to resign for personal reasons.
Baidu.com, Inc. is the leading Chinese language Internet search provider.
As a technology-based media company, Baidu aims to provide the best way for
people to find information. In addition to serving individual Internet search
users, Baidu provides an effective platform for businesses to reach potential
customers. Baidu's ADSs, each of which represents one Class A ordinary share,
trade on the NASDAQ National Market under the symbol "BIDU".
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" 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 on forms 20-F and 6-K, etc., 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, results of operations and financial condition; expected
changes in our margins and certain cost or expense items as a percentage of
our revenues; our ability to attract and retain users and customers;
competition in the Chinese language Internet search market; the outcome of
ongoing, or any future, litigation or arbitration, including those relating to
copyright, patent and other intellectual property rights; the expected growth
of the Chinese language Internet search market and the number of Internet and
broadband users in China; and Chinese governmental policies relating to the
Internet and Internet content providers. Further information regarding these
and other risks is included in our registration statement on Form F-1, as
amended, 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.
For more information, please Contact:
Baidu.com, Inc. (Beijing)
Tel: +86-10-8262-1188 x8246
Ogilvy Public Relations Worldwide (Beijing)
Ogilvy Public Relations Worldwide (New York)
SOURCE Baidu.com, Inc.
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