Chinese search giant Baidu has appointed a new vice president to oversee its M&A and strategic investment unit. The move follows the departure of at least five executives in recent months, according to a report in Caixin.
The hiring of He Junjie (also known as Jackson He) “reaffirms Baidu’s strategy to invest more in our organization and execute our young leadership development program,” the company said in an official statement on Wednesday.
Baidu’s job search product Baidu Baipin remains the largest cross-platform job search engine in China, with more than 20 million users and 50 million active listings. More than 400 job sites — including 58.com, Baixing.com, Boss Zhipi, and Liepin — make their listings searchable through Baipin.
Baidu recorded its first quarterly loss in nearly 15 years in Q1 2019.