Baidu CEO Robin Li quits Trip.com board as the search giant shifts focus from travel to AI
- Li has resigned as a board director at Trip.com, a role he assumed after the company completed a share swap with Baidu-backed Qunar
- Baidu remains Trip.com’s largest shareholder with a 10.7 per cent stake, although Li has turned his gaze from the travel sector to large AI models
The Shanghai-based holiday-booking site operator on Thursday announced the resignation of Li, 54, with immediate effect, without providing a reason for his departure.
But Li’s interests in the travel service business began to wane as he shifted increasing attention to autonomous driving and artificial intelligence. The latter became an even bigger priority after the launch of ChatGPT by US start-up OpenAI, which spurred Baidu on to introduce its rival Ernie Bot and bet its future on foundation models.
The Beijing-based search engine giant in 2019 sold about a third of its stake in Trip.com for around US$1 billion amid a slowing economy and intensifying competition in the advertising field – one of its key businesses.
With its remaining 10.7 per cent stake, Baidu is still Trip.com’s largest shareholder, according to the travel company’s annual report last year.