Baidu CFO Dies in Accident

BEIJING (AP) — The chief financial officer of Chinese search engine has died after an accident while on vacation in China, the company said.

Shawn Wang, who joined the company in 2004, helped Baidu list in the U.S. on the Nasdaq stock exchange. He died on Dec. 27, the company said, during a Christmas holiday vacation in China. The company did not give further details.

“Shawn's leadership and vision helped transform Baidu into a leading U.S. public company, and his presence will be greatly missed,” Robin Li, chairman and chief executive said in a statement on the company's Web site.

Baidu could not be reached for comment Sunday. is the dominant search engine in China, with a 60.7% market share, according to research firm Analysys International. U.S. giant Google Inc. is in second place with about 23.7%.