Leading Chinese search engine Baidu is mourning the loss of its CFO, Shawn Wang (王湛生) who died in an accident during his Christmas vacation in China on Thursday (no more details were given). The man was credited with leading the company through a successful initial public offering on NASDAQ. Meanwhile, a group of seven leading global record companies, including EMI, SONY BMG, Warner Music and Universal Music have lost their lawsuit against Baidu for aiding in the illegal downloading and sharing of their music. The People's High Court of Beijing ruled that Baidu's services do not constitute an infringement.
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Posted
Dec 31 2007, 12:05 PM
by
Shanghaiist