Zhang Yaqin is named as Baidu's president on Wednesday. Prior to joining Baidu, he served as vice president and chairman of Asia R&D Group at Microsoft Corporation. (Photo: it.chinanews.com)
(ECNS) – An increasing number of leading foreign company executives are taking positions at Chinese IT companies for career development opportunities and higher salaries.
Numbers of Chinese information and electronics technology companies have managed to stand out amid fierce competition from international companies, luring foreign talents.
China's largest search engine provider Baidu announced on Wednesday that it had hired a former top executive from Microsoft. Before joining Baidu, Zhang Yaqin served as vice president and chairman of the Asia R&D Group at Microsoft Corporation.
In May, Baidu announced that Google Brain's founder Andrew Ng had been put in charge of the Baidu Brain project.
Another internet giant, Alibaba, has named Google veteran Jane Penner as vice president and head of investor relations. Insiders said the move could help Alibaba launch its IPO in the US in September.
Top Android executive Hugo Barra left Google and joined China's smartphone maker Xiaomi as vice president in 2013. And former IBM vice president Fan Yu joined Inspur Group as CEO this July.
Besides higher positions and better pay, the rapidly developing internet industry is a main reason these executives have moved to Chinese companies, analysts say.
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