Li Becomes China’s 2nd-Richest Man as Baidu Shares Climb
By Bloomberg News - Nov 19, 2013 10:48 PM ET
Excerpt:
(Robin) Li, also known as Li Yanhong in Chinese, is the fourth of five children born to factory workers in Yangquan, China, a two-hour flight from Beijing. Urged by his mother to get a good education, he was accepted at the prestigious Peking University, where he graduated in 1991 with a bachelor’s degree in information management.
U.S. Educated
He later moved to the U.S. and earned a graduate degree in computer science at the State University of New York, Buffalo. He worked at Dow Jones & Co. in Princeton, New Jersey, developing software while researching a link analysis algorithm that ranked Internet searches. In 1997, at the same time Google’s founders were developing their search algorithm, Li took his research to his boss at Dow Jones, who rejected it.
“I was told: That’s not what we do,” Li said in the Bloomberg TV interview in October. So he left Dow Jones to work for Infoseek in California. In 2000, Li returned to China and co-founded Baidu in Beijing.
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