Baidu CEO warns that ‘winter is coming’ amid slowing growth, economic restructuring


While economic restructuring is

Baidu chief executive Robin Li Yanhong warned that “winter is coming” as China’s economy shifts to a lower gear, while challenging employees at the company he co-founded to step up their game.

While economic restructuring is “as cold and real as winter to every company,” Li said in a letter to staff on the first working day of the year, the “historical transformation of AI is penetrating various industries, unleashing enormous growth potential and room for upgrade”.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Nvidia to license Groq technology, hire executives
Spotify says piracy activists hacked its music catalogue
Italy watchdog orders Meta to halt WhatsApp terms barring rival AI chatbots
Podcast industry under siege as AI bots flood airways
Do online comments sections reflect public opinion? Study casts doubt
AI resurrections of dead celebrities amuse and rankle
US adds new models of China’s DJI and all other foreign-made drones to its blacklist
US denies visas to EU ex-commissioner, four others over tech rules
Online daters are getting serious about vetting their matches
Waymo to update software after San Francisco power outage snarls self-driving vehicles

Others Also Read