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Baidu sells Ali's stake to Ali: cash in US $488 million

via:CnBeta     time:2018/5/10 20:03:00     readed:390

In April 2018, Alibaba combined with ant gold clothing valued at $9 billion 500 million and completed a wholly-owned acquisition of hunger. In this calculation, Alibaba and ant gold clothing bought hungry before, Baidu holding hungry shares of 5.13%.

By the end of January 2018, Baidu core management includes Robin Li, vice chairman, group president, COO Lu Qi, CFO Yu Zhengjun, Baidu senior vice president Liu Hui, Baidu senior vice president Xiang Hailong, Baidu president, and new business leader Zhang Yaqin. Compared with 2017, the biggest change in Baidu's core management is that Baidu's former CFO Li Xinzhe's position was replaced by former micro-blog CFO Yu Zheng Jun, and the senior vice president of Baidu appeared in the core management of Baidu.

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