Luo Rong, the future CFO of the future, joined Baidu as the CFO of the group to report to Robin Li| financial information

On November 1, Baidu announced the appointment of Luo Rong as the Chief Financial Officer (CFO) of the Group. The appointment shall take effect immediately. It is reported that Luo Rong will fully lead the management of Baidu's financial system and report to Baidu's chief executive officer (CEO) Robin Li. Yu Zhengjun, former CFO of Baidu Group, will rotate as Chief Strategy Officer (CSO) of the Group.

In this regard, Baidu co-founder and CEO Robin Li said that Luo Rong has rich experience in financial management and capital markets. He said Baidu is pleased to welcome Luo Rong to the management team and looks forward to his skills and leadership to help Baidu achieve the next stage of growth in the era of artificial intelligence.

Luo Rong said: "I am very happy to join Baidu. I look forward to working with the executive team to drive Baidu's future growth." ”

Luo Rong, male, received a double bachelor's degree in management and economics from Peking University in 2004 and a master's degree in management from Tsinghua University in 2006, and previously worked in Microsoft, Lenovo, eLong, Good Future and other companies.

Luo Rong has been the CFO of Good Future Education Group since 2014 and has extensive experience in this role. He has played an important role in the transformation of a technology education company that combines online and offline in the future, from operations-driven to data- and technology-driven. On October 29, 2021, Luo Rong stepped down as the Chief Financial Officer of Hao Future and continued to serve as a senior consultant of Hao Future Education Group.

The predecessor of Good Future Education Group (Good Future) is Learning and Thinking, which was officially renamed Assoyther on August 19, 2013. The company is a scientific and technological education company with smart education and open platform as the main body, quality education and extracurricular tutoring as the carrier, serving public education on a global scale, helping private education, and exploring new models of future education. In 2010, Xueersi was listed on the New York Stock Exchange in the United States. At present, the US stock market value of Good Future is 2.863 billion US dollars (about 18.315 billion yuan).

Baidu, the world's largest Chinese search engine and the largest Chinese website, was founded in Zhongguancun, Beijing in January 2000. In 2005, the company was listed on the NASDAQ in the United States and went public for the second time in March 2020. According to the data, in March 2021, the monthly active users of Baidu App were 558 million. As of now, Baidu's U.S. stock market is worth US$59.281 billion (about 379.232 billion yuan) and Hong Kong stock market is worth HK$437.440 billion (about 359.559 billion yuan).