Baidu (China's Google) CFO Dies

Baidu, the top search engine in China, reported that Shawn Wang, CFO, Baidu.com, was killed in an accident on December 27, 2007.

"We are all completely shocked and deeply saddened by this tragic news," said Robin Li, Baidu's chairman and CEO, in a statement that described Wang as a "tremendous leader" and "wonderful friend."

The company did not provide details of the fatal accident, except to say that it took place "in China during the Christmas holiday vacation."

Wang had helped guide the company through its 2005 IPO on the Nasdaq. A new CFO has not been named yet.