BEIJING, April 22 — A former executive at China’s internet search giant Baidu is being investigated for corruption, the company said Wednesday. Ex-Baidu vice president Wei Fang is under suspicion of corruption following internal investigations, and his case has been handed over to public...
File photo of people siting in front of the company logo of Baidu at its headquarters in Beijing December 17, 2014. — Reuters pic
Ex-Baidu vice president Wei Fang is under suspicion of corruption following internal investigations, and his case has been handed over to public authorities, said the firm’s professional ethics committee in a statement to AFP. The case comes just weeks after it was revealed that a top executive at Starbucks competitor Luckin Coffee might have faked 2.2 billion yuan worth of sales last year, causing the shares of the NASDAQ-listed firm to plummet over 70 per cent.
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