Netease Tech, 4/08/14
According to an industry insider, Li Mingyuan, VP at Chinese internet company Baidu (Nasdaq: BIDU) responsible for the company's mobile internet business, will soon leave his position at Baidu to join Beijing-based B2C e-commerce platform JD.com (Jingdong) as CTO. Baidu declined to comment on the rumor.
According to a source close to Baidu, Li Mingyuan's resignation may be due to an unsmooth merger between Baidu's wireless department and its recently acquired 91 Wireless subsidiary.
Editor's Note: For more background on this topic, please see "JD.com Files for USD 1.5 Bln IPO" MD 1/30/14 issue and "Update: 91 Wireless CEO Resigns" MD 2/26/14 issue.
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