exv4w43

Exhibit 4.43

Proxy Agreement

This Proxy Agreement (this “Agreement”) is entered into as of December 28, 2010 between the following two parties in Beijing, PRC.

Party A: Yanhong Li, a citizen of the People’s Republic of China (the “PRC”), PRC ID: 110108196811171874

Party B: Baidu Online Network Technology (Beijing) Co., Ltd., a wholly foreign-owned enterprise registered in Beijing, PRC under the laws of the PRC

WHEREAS

1. Party A established Baidu HR Consulting (Shanghai) Co., Ltd. (the “Company”) on December 28, 2010, in which Party A owns 100% of the equity interests.

2. Party A is willing to entrust the person designated by Party B with full authority to exercise his/her shareholder’s voting right at the Company’s shareholders’ meetings.

NOW THEREFORE, the parties agree as follows:

1. Party A hereby agrees to irrevocably entrust the person designated by Party B to exercise on his/her behalf all shareholder’s voting rights and other shareholder’s rights at the shareholders’ meeting of the Company in accordance with PRC law and the Company’s articles of association, including, but not limited to, with respect to the sale or transfer of all or part of Party A’s equity interests in the Company and the appointment and election of the executive directors and chairman of the Company.

2. Party B agrees to designate a person to accept the entrustment by Party A pursuant to Article 1 of this Agreement, and such person shall represent Party A in the exercise of Party A’s shareholder’s voting rights and other shareholder’s rights pursuant to this Agreement.

3. Party A hereby acknowledges that, regardless how his equity interests in the Company will change, he/she shall entrust the person designated by Party B with all of his shareholder’s voting rights and other shareholder’s rights.

4. Party A hereby acknowledges that if Party B withdraws the appointment of the relevant person to whom Party A has entrusted his shareholder’s voting rights and other shareholder’s rights, he/she will withdraw his/her authorization for this person and authorize other persons designated by Party B to exercise his/her shareholder’s voting rights and other shareholder’s rights at the shareholders’ meeting of the Company.

5. This Agreement shall become effective as of the date it is duly executed by the parties’ authorized representatives.

6. The term of this Agreement shall be ten (10) years and may be extended by agreement between the parties upon the expiration hereof.

7. Any amendment to, and/or cancellation of, this Agreement shall be agreed by the parties in writing.


Seal:	[Baidu Online Network Technology (Beijing) Co., Ltd. seal]


Signature:	/s/ Yanhong Li


Authorized Representative:	/s/ Haoyu Shen


Authorized Representative:	/s/ Yanhong Li