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Baidu under investigation by Chinese regulators Baidu under investigation by Chinese regulators
(35 minutes later)
Baidu shares have slumped in the US on news of an investigation by regulators in China over the death of a student. Regulators in China are investigating Baidu over the death of a student who used the search engine to look up cancer treatments.
The internet search engine, referred to as China's Google, saw its Nasdaq-listed shares fall 7.92%.
China's internet regulator has said it will investigate the death of the university student, who used Baidu to search for cancer treatment.
Wei Zexi, aged 21, a computer science student at Xidian University, died last month of a rare form of cancer.Wei Zexi, aged 21, a computer science student at Xidian University, died last month of a rare form of cancer.
According to state media, Wei was diagnosed with synovial sarcoma in 2014. He had been undergoing a controversial treatment at a hospital which was advertised on the search engine. Shares slumped in the US on news of an investigation, with Baidu's Nasdaq-listed shares falling 7.92%.
Baidu has said on its Weibo account that it had filed a request for the hospital to be investigated.Baidu has said on its Weibo account that it had filed a request for the hospital to be investigated.
The company told the BBC: "We deeply regret the death of Wei Zexi and our condolences go out to his family. According to state media, Wei was diagnosed with synovial sarcoma in 2014. He had been undergoing a controversial treatment at a hospital which was advertised on the search engine.
The company, often referred to as China's Google, told the BBC: "We deeply regret the death of Wei Zexi and our condolences go out to his family.
"Baidu strives to provide a safe and trustworthy search experience for our users, and have launched an immediate investigation of the matter.""Baidu strives to provide a safe and trustworthy search experience for our users, and have launched an immediate investigation of the matter."
China's internet regulator - Cyberspace Administration of China - is teaming up with several other government agencies to look into the matter, including the State Administration of Industry and Commerce, and the National Health and Family Planning Commission.China's internet regulator - Cyberspace Administration of China - is teaming up with several other government agencies to look into the matter, including the State Administration of Industry and Commerce, and the National Health and Family Planning Commission.