Baidu hires Weibo's chief financial officer

Shanghai

CHINESE search engine giant Baidu Inc said on Monday that it had hired the finance chief of Weibo Corp as its chief financial officer, marking a leadership change at the firm which is now training its focus on artificial intelligence.

With the appointment of Herman Yu, Weibo's chief financial officer (CFO) since 2015, Baidu stalwart Jennifer Li will step down as CFO after almost a decade in the role; she will become a senior adviser to Baidu's top management, the company said.