Baidu denies CEO faces travel ban

Jerome Favre | Bloomberg | Getty Images

Robin Li, CEO of Baidu

Baidu, the Internet firm behind China'slargest search engine, on Thursday denied media reports that said CEO Robin Li was subject to a travel ban.

A crackdown on corruption in China, spearheaded by President Xi Jinping, has ensnared a number of high profile executives and sparked media speculation about others.

Last month, Chinese billionaire Xiao Jianhua went missing after leaving his hotel in Hong Kongand is now believed to be in mainland China.

Taiwanese news site Bowen Press reported on Wednesday that Baidu CEO Li had been banned from travelling outside China.

A Baidu spokeswoman denied that Li faced a travel ban. Stories in Chinese media reporting the travel ban were later removed.

Bowen Press was not available for immediate comment.

Baidu will report its fourth-quarter earnings on Friday.

CNBC

Get the latest news delivered to your inbox

Follow us on social media networks