Baidu CEO: Companies should spare no expense on transition

CEO of Baidu, China’s search engine giant says both traditional and Internet companies should keep pace with the society and spare no effort on long-term transition.

Li Yanhong, tThe company’s CEO made the remarks at the “Internet Plus Retail” Summit in Nanjing on Monday.

During his speech, Li introduced the thinking mode of Baidu’s transition, saying there would be problems and huge costs in the process.

He notes that in the era of “Internet Plus”, companies should actively comply with the social changes and seek for transition.

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