[Netease smart news April 28 news] Baidu announced today that CFO Ms. Li Lan (Jennifer Li) will be transferred to Baidu Capital CEO.
According to reports, Baidu Capital was established in October last year. It is an investment fund initiated by Baidu, which is an independent, market-oriented operation. It has a scale of RMB 20 billion. It mainly invests in mid-to-late projects in the field of pan-Internet. The most recent investment project is one. Billion U.S. dollar led a new round of financing for Weilai Automobile. Li Yanhong personally served as chairman of Baidu Capital and appointed Li Xin as the CEO of Baidu Capital, marking the completion of Baidu Capital’s core management team.
Li Yanhong, chairman and CEO of Baidu Group, stated that in the time of Baidu's full transformation to AI, Jennifer took the role of CEO of Baidu Capital, playing her rich experience in the automotive, financial, consumer goods and high-tech fields, capital and technology. The main means to promote the rapid integration of Baidu artificial intelligence technology with traditional industry applications has important strategic significance. At the same time, Baidu will start looking for new CFO candidates. After the new CFO is appointed, Jennifer will devote all his efforts to the work of Baidu Capital.
According to the statistics, Ms. Li Wei joined Baidu as Chief Financial Officer in March 2008. Li Wei graduated from Tsinghua University in 1990 and received a Master of Business Administration degree from the University of British Columbia in 1994. Prior to joining Baidu, she served as chief accountant in General Motors Financial Services North America. Earlier, Li Yu served as the chief financial officer of General Motors (China) and was responsible for the related financial affairs of General Motors and its joint ventures in China.
Li Yanhong also said in an internal e-mail that Jennifer has excellent strategic vision and investment management capabilities and has made outstanding contributions to the development of Baidu in the past nine years. Under her leadership, Baidu has established a complete cost control system, promoted the improvement of management system capabilities, and achieved continuous rapid growth in accordance with the schedule. We express our heartfelt gratitude to Jennifer for her outstanding contribution to Baidu and look forward to her making greater achievements in Baidu Capital's new position. (Dingxi)
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