Robin Li and Melissa Ma Donate RMB 660 Million to Peking University to Fund Tech Research and Innovation

BEIJING, April 28, 2018 (GLOBE NEWSWIRE) -- Baidu, Inc. (NASDAQ:BIDU), the leading Chinese language Internet search provider, today announced that its Chairman and CEO Robin Li and his wife Melissa Ma, together with the company, jointly donated RMB 660 million to Peking University. The donation commemorates the 120th Anniversary of the institution and marks the establishment of the “Peking University Baidu Fund”. The donation will support cutting-edge research into areas that are highly compatible with the application of Baidu’s AI technologies, such as information management, medicine, economics, communications, and sociology.

On behalf of the faculty and students at Peking University, President Jianhua Lin thanked the couple for their generous support, and stated that he hopes Baidu and Peking University can work together to generate more innovation and contribute to the development of this new era.

“All these years, no matter where I am in the world or how far I’ve come on my journey, I can always find motivation and support from my alma mater to keep me moving forward,” Li said at the donation ceremony. “Melissa and I are donating to commemorate the 120th anniversary of this great school. Just as important, this is also a significant opportunity for Baidu to deepen our collaboration with Peking University, joining together Baidu’s leading technology and applications with Peking University’s cutting-edge research, to innovate for the benefit of society.”

Robin Li graduated from the Department of Information Management of Peking University in 1991.

About Baidu

Baidu, Inc. is the leading Chinese language Internet search provider. Baidu aims to make a complex world simpler through technology. Baidu's ADSs trade on the NASDAQ Global Select Market under the symbol "BIDU". Currently, ten ADSs represent one Class A ordinary share.

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Robin Li-PKU donation