Baidu Appoints Rong Luo as Chief Financial Officer

BEIJING, Nov 1, 2021 /PRNewswire/ — Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888) (“Baidu” or the “Firm”), a foremost AI company with potent Web foundation, right now introduced the appointment of Rong Luo as chief economical officer, successful straight away.

“Rong has considerable experience in economical administration and cash markets,” stated Robin Li, Baidu’s co-founder and CEO. “We are delighted to welcome Rong to our administration workforce and hope his skills and leadership capabilities to support us reach our up coming stage of progress in the AI era.”

“I am quite psyched to sign up for Baidu. I search ahead to working with the executive staff to travel the foreseeable future progress for Baidu,” explained Mr. Luo.

Rong Luo joins Baidu from TAL Education and learning Team, an NYSE detailed business, exactly where he served as the main economic officer because November 2014 and played a number of critical administration roles. Prior to that, Mr. Luo was the main monetary officer of eLong Inc. from 2013 to 2014. Before that, Mr. Luo held different fiscal management positions at Lenovo Group and Microsoft. Mr. Luo retains bachelor’s levels in equally info administration & systems and economics from Peking University, a master’s degree in management science and engineering from Tsinghua College, and a Ph.D. diploma in administration science from Peking College.

About Baidu

Founded in 2000, Baidu’s mission is to make the complex earth simpler via technology. Baidu is a major AI company with potent World wide web foundation, investing on Nasdaq beneath “BIDU” and HKEX less than “9888”. One Baidu Ads represents eight Course A ordinary shares.

Contacts
Traders Relations, Baidu, Inc.
Tel: +86-10-5992-8888
Electronic mail: [email protected]

Secure Harbor Assertion

This announcement contains forward-wanting statements. These statements are manufactured less than the “safe and sound harbor” provisions of the U.S. Personal Securities Litigation Reform Act of 1995. These ahead-on the lookout statements can be recognized by terminology this kind of as “will,” “expects,” “anticipates,” “foreseeable future,” “intends,” “options,” “believes,” “estimates,” “assured” and equivalent statements. Amongst other issues, the quotations from management in this announcement, have forward-on the lookout statements. Baidu may well also make written or oral forward-looking statements in its periodic reviews to the U.S. Securities and Exchange Fee, in bulletins produced on the website of The Stock Trade of Hong Kong Limited (the “Hong Kong Stock Trade”), in its annual report to shareholders, in push releases and other penned resources and in oral statements created by its officers, administrators or personnel to 3rd functions. Statements that are not historical specifics, like but not constrained to statements about Baidu’s beliefs and anticipations, are ahead-searching statements. Forward-wanting statements entail inherent challenges and uncertainties. A number of elements could lead to genuine success to differ materially from people contained in any forward-wanting statement, such as but not confined to the subsequent: Baidu’s development methods its potential small business progress, together with enhancement of new merchandise and products and services its skill to bring in and retain users and clients level of competition in the Chinese Online look for and newsfeed sector competition for on-line advertising clients alterations in the Firm’s revenues and specified expense or expense products as a percentage of its revenues the consequence of ongoing, or any long term, litigation or arbitration, which includes people relating to mental house legal rights the predicted expansion of the Chinese-language Net search and newsfeed current market and the quantity of Online and broadband end users in China Chinese governmental guidelines relating to the World wide web and Net research companies, and typical financial circumstances in China and in other places. Even more information about these and other pitfalls is bundled in the Firm’s yearly report on Form 20-F and other documents submitted with the Securities and Trade Commission, and bulletins on the web page of the Hong Kong Inventory Exchange. Baidu does not undertake any obligation to update any forward-looking assertion, except as expected beneath applicable legislation. All information and facts supplied in this press launch and in the attachments is as of the date of the push launch, and Baidu undertakes no duty to update this sort of information, except as necessary less than applicable regulation.

Source Baidu, Inc.

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US Development Finance Corporation chief to visit India to boost vaccine manufacturing, World News

The head of the US International Improvement Finance Corporation would be checking out India later this thirty day period as component of the Quad’s attempts to increase vaccine producing.

The United States International Progress Finance Corporation (DFC) is a state-run development finance establishment, which invests in development tasks mainly in decrease- and middle-income nations.

Also Study | US authorities advocate Moderna booster for older and at-danger groups

Major a high-powered delegation, DFC Chief Working Officer (COO) David Marchick would travel to India from October 24 to 26.

In Hyderabad, the delegation will pay a visit to the offices of the Indian vaccine producer Biological E and participate in a signing ceremony to open up a new facility with sizeable ability for vaccine producing, an official launch explained.

This work is in assist of the historic motivation set out by President (Joe) Biden and his counterparts in the ‘Quad’  Australia, India, Japan and the United States,” the DFC explained in a assertion.

Marchick would vacation to India just after his visit to South Africa starting October 18. The travel to South Africa and India is to progress DFC investments encouraging enhance world wide overall health and grow COVID-19 vaccine manufacturing potential during the creating environment.

DFC Vice President of Advancement Credit history Jim Polan and other DFC senior personnel will accompany the COO.

Also Browse | US to let entirely vaccinated travellers from November 8: White House 

During the South Africa tour, the DFC delegation will go to Africa Facts Centres, a DFC customer that is creating and increasing important technologies infrastructure all through Africa. The delegation will tour the sterile services of Aspen Pharmacare, Africa’s most significant pharmaceutical company, in Gqeberha (formally known as Port Elizabeth), as perfectly as satisfy with other pharmaceutical producers important to the COVID-19 response, a media launch claimed.

Given that working day a single of the Biden administration, President Biden has said that the only way to defeat COVID-19 is to conclude the pandemic the two at dwelling and abroad by vaccinating Us citizens at dwelling and non-Individuals overseas, the DFC said.

The US has fully commited to donate 1.1 billion doses of Covid vaccines all over the world and has by now transported practically 200 million doses to producing nations a lot more doses than the relaxation of the entire world merged, it mentioned.