Robin Li said Baidu does not give money that is not to stop

Robin Li said Baidu does not give money that is not to stop

Robin Li for the first time to talk about bidding ranking

CCTV exposure Baidu PPC will be pushed to the latter in the teeth of the storm. 111, 2009, Robin Li, chief executive officer of Baidu, said in an e-mail to internal staff, he felt very sad about this incident, and take full responsibility for the incident. However, Robin Li said, there is no money to stop the station thing.

is reported that, since CCTV exposure Baidu, Baidu shares listed on the Nasdaq for several days frustrated. Tuesday’s close, Baidu shares fell $46.9 to $131.99, or $26.22%, after trading at $130.51, the lowest level since last May. Baidu’s market value evaporated $1 billion 500 million overnight. Yesterday, Baidu shares continued to decline, to close at $128.76.

Robin Li said that in the face of questioning and criticism, Baidu will be in the process of rapid growth calm down, a profound reflection. According to earlier media said: "Baidu does not give money to block the site," Robin Li responded with a sentence: "the company has never done, and will not do."

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