Baidu CFO dies while vacationing in China
Chinese Internet search provider Baidu.com said Chief Financial Officer Shawn Wang died in an accident while vacationing in China on Thursday. The company’s statement on Saturday said Wang was in China for the Christmas holiday but did not provide more details on Wang’s accident. “We are all completely shocked and deeply saddened by this tragic news,” Baidu Chairman and Chief Executive Robin Li said in the statement. Wang joined Baidu in September 2004 and, as CFO, helped guide the company through its NASDAQ IPO in August 2005. Wang was previously a partner at the accounting and consulting firm Pricewaterhouse Coopers.