China's Baidu Says CFO Dies in Accident

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Source: Associated Press

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.


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