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Baidu chief tells staff improve focus on users or face bankruptcy
The chief executive of Baidu has said the Chinese search engine must reform or face “bankruptcy in 30 days”, following a scandal over an advertisement for cancer therapy.
“Our values have become distorted, and financial performance has become more important to us than user experience,” Robin Li told employees in a letter published a day after Cyberspace Administration, China’s main internet regulator, imposed controls on medical advertising on the site.