Former Vice President of Baidu’s Suspected of Corruption
A former executive at China's internet search giant Baidu is being investigated for corruption, the company said.
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.
Baidu vowed it would "resolutely crack down on all violations of law and discipline", but did not give further details of Wei's alleged wrongdoing.
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 (USD 310 million) worth of sales last year, causing the shares of the NASDAQ-listed firm to plummet over 70 per cent.
The former chief operating officer and s...