buying unit over kickbacks
BEIJING (Reuters) Baidu Inc said on Thursday it fired the head of its Canada Goose Coats On Sale Nuomi group buying service over 2018 canada goose ethics violations, at a time when the internet giant is looking canada goose clearance to retool its sluggish search business and streamline loss making units including Nuomi.
A employee uses his mobile phone as he walks past the company logo of Baidu at canada goose store its headquarters in Beijing, August 5, 2010. REUTERS/Barry https://www.canadagoosejacket-outlet.ca canada goose coats Huang/File Photo
Zeng Liang cheap Canada Goose profited personally from deals Canada Goose Online with client representatives during his time at the company, Baidu canada goose replica said in Canada Goose sale a statement on canada goose coats on sale Thursday, adding Zeng has admitted to the ethical violations and has repaid the canadian goose jacket company for related losses.
Reuters was unable to reach Zeng for comment on Thursday.
Zeng is the second high ranking Baidu executive to canada goose black friday sale be ousted in five months. Li Mingyuan, a rising buy canada goose jacket cheap star 2018 canada goose outlet in Canada Goose online the firm who was widely seen as a potential Canada Goose Outlet successor to CEO Robin Li, resigned in November after a company probe discovered serious conflicts of interest.
FILE Canada Goose Jackets PHOTO: Baidu’s company logo is seen at canada goose outlet toronto factory its headquarters in Beijing December 17, 2014. REUTERS/Kim Kyung Hoon/File Photo
Zeng will be replaced by senior vice president Xiang Hailong, who will canada goose deals work on integrating the firm artificial intelligence technology to improve the value of existing Nuomi services, Baidu said.
Zeng exit comes as canada goose the company is retreating from loss making ventures outside of search and channeling resources into canada goose outlet store locations its autonomous driving and artificial intelligence units.
In mid 2015, when appetite for China online to offline services hit a peak, Baidu said it would invest 20 billion yuan ($2.90 billion) over three years in Nuomi, an online platform that canada goose clearance sale offers discounted group buying services for offline items, including movie tickets and restaurant deals.
Months later, two of Nuomi top competitors in the space, backed by internet giants Alibaba Group Holding and Tencent Holdings, merged to buy canada goose jacket form Meituan Dianping, taking Canada Goose Parka a lion share of the market.