‘Prince’ of Baidu, tipped for top role, resigns after probe: sources

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‘Prince’ of Baidu, tipped for top role, resigns after probe: sources

By Catherine Cadell BEIJING (Reuters) – A top Baidu Inc executive, widely seen as a potential successor to chief executive Robin Li, has resigned after an internal company probe found conflicts of interest involving another firm acquired by the Chinese search engine giant. Li Mingyuan, 32, known as the "prince" of Baidu within China's tech community, stepped down following the investigation, according to an internal email seen by Reuters and independently confirmed by two people at the firm. The memo, sent to Baidu employees on Friday evening, said Li had engaged in "huge" economic dealings with a person in charge of a separate company acquired by Baidu.
Li Mingyuan, former vice president of Baidu, attends a conference in Beijing

http://news.yahoo.com/prince-baidu-tipped-top-role-resigns-probe-sources-054907292–sector.html

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