Lu Qi:
"In Baidu's more than a year, what I really felt is Baidu and Robin's belief in and persistence in technology. Especially in the AI ​​era, technology will definitely lead Baidu to the forefront of the entire industry. I am honored. Participating in the great transformation of Baidu's comprehensive transformation to AI, this process has achieved remarkable and crucial results. Now, everything is developing at the best moment, I believe Baidu will continue along this path. And continue to lead. In the future, while accompanying and caring for the family, I will continue to firmly support Baidu, support Robin, and also pay attention to the research and investment of China and the United States, and practice our common technology to make the complex world simpler. 'The mission and dreams.'
Baidu announced that Lu Qi will no longer serve as Baidu's president and COO position from July, but will continue to serve as vice chairman of the group company.
Li Yanhong’s internal letter stated that Lu Qi’s position change was “cannot continue to work full-time in Beijing due to personal and family reasonsâ€.
Zhang Yaqin, Xiang Hailong, Wang Haifeng, Zhu Guang and others will report directly to Li Yanhong, and Li Zhenyu, general manager of the Intelligent Driving Group (IDG), turned to Zhang Yaqin for reporting.
Wang Haifeng, Vice President of Baidu, was promoted to Senior Vice President and served as the General Manager of AIG (AI Technology Platform System).
Lu Qi's departure from Baidu's market value shrank by 6.1 billion US dollars, the stock fell sharply over 6%
Affected by Lu Qi’s departure, Baidu’s share price plummeted more than 6%. According to the stock price of 262 US dollars before the release, Baidu's market value has shrunk by about 6.1 billion US dollars. Before the close, Baidu's market value was about $97 billion.
Baidu announced today that Lu Qi, the president and chief operating officer of the group, could not continue to work full-time in Beijing due to personal and family reasons. He will no longer hold the above positions from July, but will continue to serve as vice chairman of the group. At the same time, Vice President Wang Haifeng was promoted to Senior Vice President and served as the General Manager of AIG (AI Technology Platform System).
According to Baidu's financial data, since the implementation of the All in AI strategy, Baidu's total revenue in the first quarter was 20.9 billion yuan (about 3.33 billion US dollars), an increase of 31% year-on-year, and operating profit was 4.6 billion yuan (about 728 million US dollars). ), an increase of 128%.
In total revenue, the proportion of mobile revenue business increased from 78% to 78%, Baidu Core revenue was 16.1 billion yuan (about 2.57 billion US dollars), an increase of 26%, network marketing Revenue was 17.2 billion yuan (about 2.74 billion US dollars), an increase of 23%.
Net profit attributable to Baidu was 4.6 billion yuan (about 728 million US dollars), an increase of 128%. Operating profit margin was 22%, compared to 13% in the same period last year.
For the second quarter, Baidu expects total revenue to grow by 26% to 33% year-on-year, between 24.91 billion yuan ($3.97 billion) and 26.19 billion yuan ($4.17 billion).
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