China's Baidu fires executive over ethics violation
Chinese internet major Baidu has fired the head of its loss-making Nuomi group-buying division Zeng Liang, citing violations of the company's ethics. According to the company, Zeng admitted profiting from under-the-table transactions with representatives that deal with major clients and compensated the company for any losses as a result. Baidu's Nuomi sells discounted products and services.